There has been a good delivery-based buying by institutional and high-net-worth investors at lower levels, especially after the 1,000-point fall in Sensex on June 24, said market participants. Post Brexit, the average daily delivery volumes on the BSE and NSE combined was about 40% of the total volumes, compared with an average of 35% in the preceding 10 days. NTPC's delivery volumes have risen to 62% from 54% during this period with the stock gaining nearly 3%. "The rise in delivery volumes indicates investors are willing to buy and hold on to them for the long-term and are confident about the India growth story," said Raamdeo Aggrawal, joint managing director, Motilal Oswal Financial Services. For Tata Global Beverages, which gained 7% since June 24, the ratio rose to 45% from 29%.

Source: Economic Times July 05, 2016 23:21 UTC