FIIs continue selling streak, offload ₹2,324 crore in Indian equities; DIIs turn net buyers
₹1,461 crore during Monday's session. As per the NSE data, FIIs cumulatively bought ₹7,334.69 crore of Indian equities, while they sold ₹9,658.92 crore --- resulting in an outflow of ₹2,324.23 crore crore. Meanwhile, DIIs infused ₹7,640.75 crore and offloaded ₹6,179.95 crore, registering an inflow of ₹1,460.90 crore.
Also Read: Top gainers, losers today: Infosys, Reliance Industries, JSW Steel, State Bank of India; check full list Sensex closed with a mild gain of 79 points, or 0.12 per cent, at 65,401.92 while the Nifty50 closed 6 points, or 0.03 per cent, up at 19,434.55. Mid and smallcaps suffered more as the BSE Midcap index declined 0.44 per cent while the smallcap index fell 0.50 per cent. A mixed trend was witnessed on the sectoral front wherein IT, FMCG and media edged higher while metal, realty and financials ended in the red.
India's consumer price index (CPI) inflation surged sharply to a 15-month high peak of 7.44 per cent in July 2023, driven by high food and vegetable prices. July CPI print had breached the Reserve Bank of India's upper tolerance limit of 6 per cent for the first time in five months. The consumer food price index (CFPI) in July also surged to 11.51 per cent - the highest level since October 2020, according to data released by the Ministry of Statistics and Programme Implementation on August 14.
High inflation numbers may weigh on market sentiment as both indices are already about two per cent down in August so far. ‘’After a tepid start, Nifty made a gradual recovery during the day as buying emerged at lower levels in index heavyweights. The index closed with minuscule gains of 6 points at 19435 levels.
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