New Delhi, Feb. 17 -- Stock to buy for the short term: The Indian stock market ended with healthy gains on Monday, February 16, on short-covering after the recent selloff.
The Sensex rose by 650 points, or 0.79%, to close at 83,277.15, while the Nifty 50 ended at 25,682.75, clocking a healthy gain of 212 points, or 0.83%.
Experts believe the domestic market may see some volatility in the near future due to geopolitical factors and a lack of fresh triggers back home.
Foreign institutional investors (FIIs) have turned net sellers in the cash segment this month, too. So far in February, FIIs have sold Indian stocks worth Rs.2,345 crore in the cash segment. They have been selling Indian stocks in the cash segment since July last year.
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