Equities post biggest weekly fall since Sept on low FII buys

Nov 09 2013, 12:41 IST
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SummaryWeak global cues and a slowdown in foreign institutional (FII) buying saw Indian equities

breaking out of the broad range of 5,400 – 6,100,” said Tirthankar Pattnaik, Director, Strategist-Institutional Research, Religare.

The week also saw two major foreign brokerages — Goldman Sachs and Nomura — raise their targets on benchmark indices citing changes in political scenario and improvement in macro as well micro economic situations.

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