The market opened on a slightly listless note this morning with investors
treading cautiously amid mixed cues from Asian bourses.
The Sensex, which declined to 16,658.52, is now up 21.23 points or 0.11% at 19,763.70.
The Nifty is up marginally at 5843.05 after declining to 5813.70.
Deutsche bank says fears of foreign institutional investors capitulation are receding as they have boughtIndia
shares worth $1 billion over the past eight sessions following Reserve Bank of India
governor Raghuram Rajan's recent announcements.
"Recent announcements over the FCNR-B, supportive trade data and easing investment facilitation in debt markets have resulted in imparting long needed and much sought after credibility over both - the financing of the CAD and the actual CAD," says Deutsche bank in a report.
The Sensex, which declined to 16,658.52, is now up 21.23 points or 0.11% at 19,763.70.
The Nifty is up marginally at 5843.05 after declining to 5813.70.
Deutsche bank says fears of foreign institutional investors capitulation are receding as they have bought
"Recent announcements over the FCNR-B, supportive trade data and easing investment facilitation in debt markets have resulted in imparting long needed and much sought after credibility over both - the financing of the CAD and the actual CAD," says Deutsche bank in a report.
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