The Nifty recovered most of the intraday losses after falling below 5850 briefly as foreign institutional investors (FIIs ) bought shares first line in the lower levels . According to analysts, is likely to remain within a range and take signals from IIP and inflation data in the short term the market .
The rupee continued its upward journey after FIIs turned net buyers in Indian equities . The partially convertible rupee was at 63.22 , up 62 paise against previous close of 63.84 per dollar.Foreign institutional investors bought shares worth Rs 2563.6 crore , while domestic institutional investors were net sellers worth Rs 1398.05 crore on Tuesday, according to provisional data from the National Stock Exchange .
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