It has been observed in Indian stock market that when FIis are buying, we have DIIs selling and same was seen in Feb 2012 where FIIs were net buyers to the tune of 10357.79 crore while MFs were net sellers to the tune of 1858.4 crore.
Now coming to the data to be watched globally is US data for MBA mortgage Applications, Initial jobless claims, Wholesale inventories and at home we have IIP numbers to be watched for getting cues for likely direction in the market.
The results to be watched out next week would be HUL, M&M, Power Grid, Tata Power, Bharti Airtel, Hindalco, Cipla, Sun Pharma and Cadila
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