DII buying cushions market as FII selling persists on June 10

DII buying cushions market as FII selling persists on June 10


Domestic institutional investors (DIIs) remained net buyers of Indian equities on June 10, helping cushion the impact of continued foreign selling in a session where benchmark indices ended mixed and broader markets came under pressure.

According to exchange data, DIIs purchased shares worth ₹17,396.40 crore and sold equities worth ₹14,272.45 crore, resulting in a net inflow of ₹3,123.95 crore.

In contrast, foreign institutional investors (FIIs), or foreign portfolio investors (FPIs), remained net sellers, offloading equities worth ₹2,124.98 crore. Foreign investors bought shares worth ₹14,047.79 crore and sold equities worth ₹16,172.77 crore during the session

The fund flow pattern came on a day when markets

surrendered most of their early gains. The BSE Sensex rose 64 points to close at 73,983, while the NSE Nifty 50 fell 27 points to settle at 23,215, slipping below the 23,250 mark during the session.

Broader markets witnessed sharper selling pressure. The Nifty Midcap index declined 905 points to 59,810, while the Nifty Bank index slipped 94 points to 55,100. Market breadth remained weak, with the NSE advance-decline ratio at 1:3, indicating that declining stocks significantly outnumbered gainers.

Sectorally, IT stocks remained under pressure, with the Nifty IT index extending its losing streak to a sixth consecutive session. All constituents of the index ended lower except TCS. Metals and several heavyweight stocks also weighed on investor sentiment.

Adding to the cautious mood, the Indian rupee appreciated 14 paise to close at 95.27 against the US dollar.

The latest fund flow data suggests domestic institutions continued to provide support to the market despite persistent foreign selling and weakness across broader market segments.

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