May 27 Stock market guide: FIIs short cuts, Sensex rejig; Gift Nifty

The Sensex and the Nifty are likely to start trade for this penultimate week, prior to the Lok Sabha election results on June 04.

Last week, the NSE Nifty crossed 23,000 points for the first time ever and achieved a new high at 23,026.

Although they have been aggressive sellers throughout May, FIIs ended up as net buyers of Rs 1,166 crore worth of shares in the last week.

Net seller in May so far is this month at Rs 34,460.