The markets last week saw profit booking ruling as investors were focusing on the earnings season and on global cues. On a weekly basis, markets ended down around 5.5 per cent and the Nifty closed down around 1.4 per cent. Nifty lost its support and is likely to come down towards 7447 levels in the near term.

Investments
Expecting more bets, the overseas investors poured in more than $ 5 billon in the month which made their total investment over $ 25 billion since January. According to the data, the net investments made by the FIIs from July 1 to July 25 in the equity markets were $ 2.2 billion (R 13,166 crore) whereas in the debt markets were $ 3 billion (R 17,829 crore) making a total of $ 5.2 billion (R 30,995 crore).