Today's Market Strategy on Indian Shares

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Foreign institutional investors (FIIs) poured in over Rs 5,000 crore into the Indian equity market in a matter of three sessions after the Union Budget of 2016, which pushed the benchmark indices above their key resistance levels. Domestic institutional investors (DIIs) pulled out over Rs 1,800 crore from the domestic market during the same period. 

India's banking shares head for their first drop in six sessions on profit-booking.State Bank of India, Punjab National Bank and Bank of Baroda down between 0.7 pct and 1.5 pct.RBI's move to ease rules on what lenders can count as Basel III capital had boosted stock prices in last sessions.