Indian stock market ended on a muted note, Foreign Institutional Investors (FIIs) dumped a total of ₹1,236.51 crore in Indian equities on Monday. However, the domestic institutional investors (DIIs) continued to be net buyers and infused ₹552.55 in the Indian stock market today. Also Read: Market Wrap: Sensex snaps 11-day winning streak; PSU banks buck the trend India's benchmark indices ended on a lower note on Monday.
Sensex and Nifty closed 240 and 60 points lower. IT and Metal emerged as the main dragging force for the markes. Whereas, PSU Bank index rose more than 4%, and Nifty Auto scaled to an all-time high mark.
Also Read: Can a gloomy Chinese market outlook spur foreign investor interest in India? Experts weigh in According to NSE data, FIIs bought a total of ₹7,520.34 crore and sold ₹8,756.85 crore in the market. This led to a net inflow of ₹1,236.51 crore. On the other hand, DIIs emerged as investors in the Indian equities with a net inflow of ₹552.55 crore.
They bought a total of ₹8,097.08 crore and sold ₹7,544.53 crore. Also Read: Holmarc Opto-Mechatronics IPO: Issue booked over 8 times on day 2 so far; Check subscription status, GMP, other details After achieving fresh highs last week, Indian markets failed to impress investors on Monday. Most of the sectoral indices closed in the red on Monday.
Contradicting the common trend, PSU bank stocks gain 3.39 per cent today. Out of the total stocks, around 26 of them ended in the red in the Nifty market. Other than this, remaining 24 clocked gains.Read more on livemint.com