FIIs make robust buying of ₹2,636 crore in Indian stocks today; DIIs extend selling
₹2,636 crore in Indian stocks on Friday. On the other hand, domestic institutional investors (DIIs) extended their selling with an outflow of nearly ₹772.5 crore. Sensex and Nifty 50 witnessed a strong bullish tone, spiking to a new all-time high driven by IT stocks.
As per the NSE data, cumulatively, FII buying value stood at ₹12,486 crore, and selling value came in at ₹9,849.57 crore. Hence, an inflow of ₹2,636.43 crore was recorded on Friday. Meanwhile, DIIs bought equities worth ₹7,333.85 crore, however, offloaded ₹8,106.30 crore during the day -- resulting in an outflow of ₹772.45 crore.
Strong buying in Indian IT stocks and controlled inflation alongside robust foreign funds flow lifted Indian markets. Sensex jumped by 502.01 points or 0.77% to end at 66,060.90. While Nifty 50 closed at 19,564.50, soaring by 150.75 points or 0.78%.
Talking about current market performance, Ajit Mishra, SVP - Technical Research, Religare Broking said, "Markets ended the final session on a strong note and gained nearly a percent. After the initial uptick, Nifty traded muted in the middle but a sharp surge in the last half an hour completely changed the tone. Consequently, Nifty settled at a new high i.e.
19,564.50 levels. Most sectors ended higher wherein IT pack was the highlight, followed by metal and realty pack. The broader indices were also in sync and gained in the range of 1.2%-1.5%." On the previous day, FIIs invested ₹2,237.93 crore in Indian equities, but DIIs sold ₹1,196.68 crore.
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