Investors see India as safe haven

The Indian market showed remarkable resilience on Tuesday and ended just 132 points lower at 16,858 on Tuesday despite a 5.6% fall in the Dow Jones index in the US on Monday. The less than a percentage point closing came on the back of Rs 2,100-crore net selling by FIIs. However, the market was well supported by domestic funds, who net bought stocks worth about Rs 1,400 crore.

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