FIIs continue purchasing streak with net buy ₹738 crore, DIIs infuse ₹6,763 crore
₹13,690.47 crore and bought stocks for ₹14,474.29 crore, resulting in an inflow of ₹783.82 crore, according to NSE data. On the other hand, Domestic Institutional Investors (DIIs) bought equities worth ₹8,088.70 crore and offloaded shares worth ₹6,763.72 crore, resulting in an inflow of ₹1,324.98 crore, the exchange data showed. Last week on November 23, FIIs cumulatively sold ₹7,093.19 crore and purchased over ₹7,348.72 crore, resulting in an outflow of ₹255.53 crore.
Meanwhile, DIIs infused ₹6,234.47 crore and offloaded ₹457.39 crore, registering an inflow of ₹721.24 crore. Nifty 50 today opened at 19,844.65, 50 points higher from the previous close of 19,794.70, and traded in a range for the most part of the session. However, fag-end buying helped the market benchmark end with decent gains.
Mid and smallcap indices also ended in the green on Tuesday. The BSE Midcap index rose 0.30 per cent while the Smallcap index inched up by 0.06 per cent. The overall market capitalisation of the firms listed on the BSE rose to nearly ₹331.1 lakh crore from nearly ₹328.7 lakh crore in the previous session, making investors richer by about ₹2.4 lakh crore in a single session.
FII have been divesting Indian equities since October, driven by historically high US bond yields, the strengthening dollar index, and geopolitical uncertainties stemming from the Israel-Hamas conflict. These combined factors have exerted downward pressure on market sentiment. Despite ongoing concerns about elevated interest rates and a global economic slowdown, foreign inflows have remained subdued.
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