Swinging in a range of 14,281.48 and 13,870.70, the Bombay Stock Exchange (BSE) barometer settled at 14,248.66, a net rise of 259.55 points or 1.86 per cent over Tuesday’s close of 13,989.11. The broader S&P CNX Nifty of the National Stock Exchange (NSE) also bounced by 78.25 points or 1.92 per cent to close at 4,153.15 from previous close of 4,074.90. Analysts, however, visualised uncertain outlook for near future in the light of political standoff between the government and Left allies on the Indo-US civil nuclear deal.
Domestic institutional investors (DIIs) were believed to have cornered a sizeable chunk of shares at lower levels. Financial institutions and private MFs made heavy sector-specific purchases. FIIs including hedge funds remained net sellers. FIIs pulled out Rs 138 cr on August 21 while DIIs pumped in Rs 826.84 cr on the same day.