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Motilal Oswal Report
The Nifty closed higher for the fifth straight month in September 2021. The index oscillated ~900 points before closing at 486 points (or 2.8%) higher month-on-month at 17,618.
The Nifty is up 26% in CY21 year-to-date.
Foreign institutional investor inflows were robust at $1.1 billion. Domestic institutional investors saw inflows for the seventh consecutive month at $0.8 billion.
The markets continued to achieve new highs in Q2 FY22 – the Nifty crossed the 17,000 mark and the Sensex touched the 60,000 milestone – buoyed by the decline in Covid-19 cases, a significant pickup in the pace of vaccination, and the consequent sharp recovery in economic activity.
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