Foreign institutional investors (FIIs) were net sellers of Indian equities worth ₹1,462.49 crore on October 26, while domestic institutional investors (DIIs) bought shares worth ₹2,609.57 crore, according to provisional exchange data.
FIIs bought equities worth ₹9,324.90 crore and sold ₹10,787.39 crore during the session. DIIs, meanwhile, purchased shares worth ₹17,389.57 crore and sold ₹14,780 crore.
Domestic institutional buying exceeded foreign investor selling by around ₹1,147 crore on a net basis.
Despite the FII outflows, Indian equity benchmarks ended higher on Monday, with both the Sensex and Nifty closing at the day’s high.
The Sensex rose 483 points to close at 73,607, while the Nifty gained 153 points to end at 22,753, holding above the 22,750 mark.
The Nifty Bank index gained 79.33 points to close at 54,367, while the midcap index advanced 665 points to 56,465.
Among Nifty stocks, Dr Reddy’s Laboratories was the top gainer, rising nearly 7% after strong Q2 results and a positive brokerage note. Shriram Finance fell nearly 5% after cutting its assets under management growth guidance.
Coforge gained nearly 5% as IT stocks rebounded during the session, while Infosys closed more than 1% higher despite missing expectations in its Q2 results. BSE rose 4% following a positive brokerage note.
Last week trends
Foreign institutional investors (FIIs) remained net sellers of Indian equities last week, offloading shares worth ₹2,697.37 crore across the four trading sessions.
Domestic institutional investors (DIIs), however, continued to support the market, recording net purchases of ₹10,942.19 crore over the same period.
FIIs were net sellers on Monday, October 19, and Thursday, October 22, but recorded net buying on Wednesday, October 21, and Friday, October 23. On Friday, foreign investors bought equities worth ₹887.65 crore on a net basis, following net sales of ₹3,458.70 crore on Thursday.
FIIs had recorded net purchases of ₹1,022.32 crore on Wednesday, after selling ₹1,148.64 crore on Monday.
DIIs remained net buyers in all four sessions. Domestic institutions purchased equities worth ₹3,235.36 crore on Friday, ₹2,891.32 crore on Thursday, ₹1,614.32 crore on Wednesday and ₹3,201.19 crore on Monday.
Also read: FIIs pull out ₹2,697 crore this week; DIIs pump in nearly ₹11,000 crore