FIIs offload ₹1,712 crore in Indian equities, DIIs emerge net buyers even as Nifty 50 dips below 19,400
₹1,512 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹7,166.98 crore of Indian equities, while they sold ₹8,879.31 crore --- resulting in an outflow of ₹1,712.33 crore on Thursday.
Meanwhile, DIIs invested ₹7,930.58 crore and offloaded ₹6,418.44 crore, registering an inflow of ₹1,512.14 crore. FIIs have sold Indian equities since October on record-high US bond yields, strength of the dollar index, and the geopolitical risks due to the Israel-Hamas war.
These combined factors have since weighed on market sentiment. However, the US Federal Reserve's decision to hold has emboldened the bulls to make a strong comeback in the mother market US with S&P rising 1.9 per cent yesterday, according to market analysts.
Because of the US Fed's dovish commentary, US 10-year bond yields and crude oil prices have come down. MORE TO COMEMilestone Alert!
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