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ICICI Direct Report
U.S. dollar - Indian rupee futures fell slightly on Wednesday as domestic equities recovered slightly. However, a rebound in the US dollar index supported the pair.
The dollar index ticked up on Wednesday, recovering some losses after a two-day fall, as traders weighed the implications of a bad-tempered first debate between President Donald Trump and challenger Joe Biden.
For a couple of sessions, the Bank Nifty has been consolidating with additions in 21,500 Call where writers are active.
Apart from HDFC Bank Ltd., other leaders saw profit booking keeping the Bank Nifty move in check.
Foreign institutional investors (FII) were net buyers to the tune of Rs 1175 crore on September 28, 2020. They bought worth Rs 1066 crore in the equity market and also bought worth Rs 109 crore in the debt market.
In September, FIIs have sold equities worth Rs 5425 crore so far while in the debt market they have bought worth Rs 4184 crore so far.
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