FIIs turn sellers again, pull out ₹3,062 crore as DIIs lend support

FIIs turn sellers again, pull out ₹3,062 crore as DIIs lend support


Foreign institutional investors (FIIs) turned net sellers in the Indian equity market on Monday, offloading shares worth ₹3,062.27 crore on a provisional basis, while domestic institutional investors (DIIs) remained net buyers with purchases worth ₹2,171.70 crore.

The latest provisional data marks a reversal from Friday, when FIIs had returned as net buyers after a one-session break, investing ₹2,603.72 crore in Indian equities.

According to provisional exchange data, FIIs purchased shares worth ₹10,386.48 crore and sold equities worth ₹13,448.75 crore, resulting in a net outflow of ₹3,062.27 crore.

Domestic institutional investors, meanwhile, continued to provide support to the market. DIIs bought equities worth ₹17,393.46 crore and sold shares worth ₹15,221.76 crore, leading to a net inflow of ₹2,171.70 crore.

Despite Monday’s reversal, foreign investors ended last week as net buyers of ₹4,669.88 crore, recording net inflows in four of the five trading sessions. Friday’s purchase of ₹2,603.72 crore was also the largest single-day FII inflow of the week.

Domestic institutions also remained supportive through the previous week, ending as net buyers of ₹8,275.62 crore after registering net purchases in four of the five trading sessions.

Market recovers from early losses

Despite the renewed foreign selling, domestic benchmarks erased early losses to finish the session almost unchanged. The BSE Sensex recovered to close 47 points higher at 77,616, while the NSE Nifty added 4 points to settle at 24,211, holding above the crucial 24,200 mark.

Information technology stocks led the recovery, with TCS, HCLTech, Infosys, Tech Mahindra and Wipro emerging among the top gainers on the Nifty and helping lift sentiment through the session.

The Nifty Midcap index also ended marginally higher, rising 4 points to 63,041. Auto stocks delivered a mixed performance, with Bajaj Auto and Mahindra & Mahindra advancing, while Maruti Suzuki ended lower.

The market breadth remained balanced, with the advance-decline ratio closing at 1:1, reflecting an evenly split session despite continued pressure on select stocks.

Also Read: FIIs pump in ₹2,604 crore as Dalal Street ends week on a high



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *