Foreign Direct Investment into the country declined by about 38 per cent, year-on-year, to $2.91 billion in September, according to the Department of Industrial Policy and Promotion.
In September 2012, the country had attracted foreign investment worth $4.67 billion. During the April-September period of 2013-14 fiscal, FDI has thus dipped by 11 per cent to $ 11.37 billion, from $ 12.84 billion in the first half of 2012-13, DIPP said. Decline in FDI in sectors like telecoms, services and metallurgical industries have lowered the inflows.
Technical View for Tomorrow-
Today Indian Stock Market traded rangebound and finished with negative bias and at these level market looking weak due to upcoming data of US market in these week and since FDI investment in India is also negative which will also make negative pressure on market and in technically market is on a strong resistance so according to channel we can see again bearish reversal from these point.
Nifty down 16 points or 0.26 per cent and end at 6201.85 after hit high of 6225.40 in trade day. Senesx down 43.09 points or 0.21 per cent and end at 20854.92 after hit high of 20927.05 in trade day.
Tomorrow Stock Tips 04/12/13 Free Nifty level-
Buy- Bharti Airtel above 165.0 with TGT- 166.5/168/169.50 SL- 160.0
Sell- Coal India below 269.50 with TGT- 268/266/264.0 SL- 275.0
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Foreign Direct Investment into the country declined by about 38 per cent, year-on-year, to $2.91 billion in September, according to the Department of Industrial Policy and Promotion. get more about market click on FREE STOCK TIPS
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