FIIs invest ₹62 crore in Indian equities on positive global cues, DIIs remain net buyers

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₹305 crore during the session. As per the NSE data, FIIs cumulatively bought ₹10,515.8 crore of Indian equities, while they sold ₹10,453.97 crore --- resulting in an inflow of ₹61.51 crore. Meanwhile, DIIs infused ₹8,131.87 crore and offloaded ₹7,826.78 crore, registering an inflow of ₹305.09 crore.

Meanwhile, domestic equity benchmarks Sensex and Nifty settled higher on Tuesday, August 29, for the second consecutive session supported by gains in select heavyweights, including HDFC Bank, Tata Steel amid positive global cues. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended with gains. European markets were trading in the green.

Sensex ended with a gain of 79 points, or 0.12 per cent, at 65,075.82. The Nifty50 moved up by 37 points, or 0.19 per cent, to 19,342.65. As many as 37 stocks ended in the green in the Nifty index, with shares of Jio Financial Services, UPL, Hindalco, Tata Steel and Hero MotoCorp ending as the top gainers.

‘’Domestic indices traded in positive territory for the second consecutive day amid gains in global equities. Nifty extended its previous day's momentum and closed with gains of 37 points at 19,343. Sectorially, it was a mixed bag with buying seen in metals, Realty, Consumer Durables, and Auto.

Metal sector was in momentum after China announced a stimulus to support the economy,'' said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. ‘’Niche sectors like speciality chemicals saw buying interest after a long time on the back of news flows regarding the surge in chemical prices in China. Market is moving in a range and we expect this trend to continue given the data-packed week and monthly derivatives expiry.