FIIs invest ₹2,238 crore in Indian stocks today as Sensex, Nifty hit all-time high; DIIs sell ₹1,197 crore
₹2,238 crore in Indian stocks on Thursday. The performance comes at a time when Sensex and Nifty 50 hit a new lifetime high. Also, TCS Q1 earnings led to a sharp rally in IT stocks which was the top eye candy of the latest trading session.
On the contrary, domestic institutional investors (DIIs) pulled out nearly ₹1,197 crore. As per the NSE data, cumulatively, FII buying value stood at ₹10,128.06 crore, and selling value was at ₹7,890.13 crore. Hence, these foreign investors infused ₹2,237.93 crore in Indian stocks on Thursday.
However, DIIs made more selling than buying today -- which is opposite to the trend they showed in the previous session. DIIs purchased equities worth ₹8,229.67 crore and offloaded ₹9,426.35 crore on July 13, registering an outflow of ₹1,196.68 crore. Sensex jumped by 164.99 points or 0.25% to settle at 65,558.89, while Nifty 50 index was marginally up by 29.45 points or 0.15% to end at 19,413.75.
Nifty IT jumped by 1.75% to finish at 29,628.20. Earlier, in the day, Sensex and Nifty 50 touched a fresh lifetime high of 66,064.21 and 19,567 respectively. Talking about the latest market performance, Ajit Mishra, SVP - Technical Research, Religare Broking said, "Markets traded volatile on the weekly expiry day but managed to end marginally higher.
Initially, upbeat global cues triggered a gap-up start in Nifty, which was later followed by range bound move. However, a sharp decline in the second half trimmed the gains and it finally settled at 19413.75 levels. Meanwhile, a mixed trend was witnessed on the sectoral front wherein IT and realty posted strong gains while energy and auto were among the top losers." On Wednesday, FIIs halted their 10-consecutive day buying spree and sold ₹1,242.44 crore in
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