FIIs keep selling Indian stocks, while domestic investors provide ₹1,026 crore cushion

FIIs keep selling Indian stocks, while domestic investors provide ₹1,026 crore cushion


Foreign institutional investors (FIIs) remained net sellers in Indian equities on Thursday, offloading shares worth ₹438.24 crore, according to provisional exchange data.

FIIs bought shares worth ₹11,882.95 crore during the session but sold equities worth ₹12,321.19 crore, resulting in net selling of ₹438.24 crore.

Domestic institutional investors (DIIs), meanwhile, continued to provide support. They bought shares worth ₹13,326.33 crore and sold equities worth ₹12,300.48 crore, leaving them with net purchases of ₹1,025.85 crore.

Taken together, FIIs and DIIs were net buyers of ₹587.61 crore during Thursday’s session.

The fund-flow data comes as foreign investors remain cautious about Indian equities, while domestic institutions have continued to put money into the market.

Stocks snap three-day losing streak

Indian equity benchmarks ended higher on Thursday after the post-market Closing Auction Session (CAS) adjustment helped the indices recover from their earlier levels.

The Nifty rose 46 points to close at 23,478, while the Sensex gained 138 points to end at 74,903.

The CAS adjustment was nearly 100 points for the Nifty and about 300 points for the Sensex, allowing both indices to finish above the 23,400 and 74,900 levels, respectively.

The broader market, however, remained weak. The midcap index fell 235 points to 62,357, keeping market breadth tilted towards declines. The Nifty Bank index, in contrast, gained 176 points to 56,472.

IT, metals drag

IT and metal stocks were among the biggest drags on the Nifty. HCLTech fell 2%, while Hindalco Industries declined 1%.

Crude-sensitive stocks also came under pressure as oil prices moved higher. IndiGo fell 1%.

Insurance stocks recovered some of Wednesday’s losses, with SBI Life and HDFC Life gaining between 1% and 2%.

Vodafone Idea fell 4% as investors booked profits following a positive brokerage report.

Defence stocks largely ended lower, with Cochin Shipyard and Bharat Dynamics among the notable losers.

Ather, Force Motors gain

Ather Energy rose 5% after investors responded positively to a Nomura note. Force Motors also gained 5%, helped by healthy vehicle registrations.

Gold-financing companies were among the gainers, with Manappuram Finance rising 3% and Muthoot Finance gaining 1%.

PSU banks also saw buying interest, with Bank of Baroda and Punjab National Bank among the biggest gainers.

Welspun Corp surged 6% after positive commentary from the company’s management.

Also Read: FIIs step up selling as Indian markets slide for third straight session



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