FII DII: Markets end lower as investors take profits; FIIs continue to buy, details here
₹3,370.90 crore in the purchase of shares, while domestic institutional investors (DIIs) sold shares for a net total of ₹193.02 crore. FIIs purchased shares worth a net of 19,696.66 crore rupees for the month up to July 21, while DIIs sold shares worth a net of 10,196.92 crore rupees. As investors took profits, the domestic equities barometers crashed on Friday, snapping a six-day winning trend.
The Nifty dropped throughout the day, closing at roughly 19,745 levels after a lower opening price. The reduction was seen in a number of industries, with the IT industry suffering the greatest losses, followed by FMCG and energy corporations. The overall sentiments of the market was however mixed by the varied performance of the broader indices, which represent a wider range of stocks.
After the Q1 results, Infosys and HUL fell. A key index component, Reliance Industries (RIL), also experienced a decline ahead of its Q1 results, which are expected later today. The barometer index, the S&P BSE Sensex slumped 887.64 points or 1.31% to 66,684.26.
The Nifty 50 index declined 234.15 points or 1.17% to 19,745. In the past six consecutive sessions, the Sensex climbed 3.33% while the Nifty advanced 3.07%. In the broader market, the S&P BSE Mid-Cap index shed 0.26% while the S&P BSE Small-Cap index rose 0.13%.
Infosys (down 8.18%), Hindustan Unilever (down 3.65%), Reliance Industries (down 3.19%) and TCS (down 2.68%) were major drags. The market breadth was negative. On the BSE, 1,615 shares rose and 1,773 shares fell.
A total of 126 shares were unchanged. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 2.54% to 11.49. Daily market commentary by Mr.
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