Sensex sheds 80 points, Nifty below 17,500; NTPC, HCL Tech fall up to 2%
"A major positive for India is that FIIs, who were relentless sellers from October 2021 to June 2022, have turned buyers in July and the buying momentum continues in August with net buying of Rs13,801 crore till 8th August. FIIs have turned buyers mainly because the dollar has stopped appreciating and started depreciating. (Dollar index has declined from above 109 to 106)," Vijayakumar said.