FIIs snap selling streak as markets settle marginally higher; DIIs invest ₹2,406 crore in Indian equities
₹2,406 crore during Wednesday's session. As per the NSE data, FIIs cumulatively bought ₹21,055.98 crore of Indian equities, while they sold ₹20,333.22 crore --- resulting in an inflow of ₹722.76 crore. Meanwhile, DIIs infused ₹7,967.77 crore and offloaded ₹5,571.48 crore, registering an inflow of ₹2,406.19 crore.
However, FIIs have been net buyers in August so far, taking their cash market sell figure to ₹9,867 crore till August 15, 2023. Indian markets have been witnessing pressure on account of weak global cues especially because of the faltering of the Chinese economy and Fitch's warning to downgrade US midsized banks. Even on the domestic front, the sharp surge in inflation data and weak monsoon progress in August seems to have dented the investor's sentiments.
Analysts expect the weakness to persist in the market in the near term in the absence of any positive trigger. July retail inflation print had breached the Reserve Bank of India's upper tolerance limit of 6 per cent for the first time in five months. The consumer food price index (CFPI) in July also surged to 11.51 per cent - the highest level since October 2020, according to data released by the Ministry of Statistics and Programme Implementation on August 14.
Also Read:Top gainers, losers today: UltraTech Cement, Tata Motors, NTPC, Bharti Airtel, Infosys; check full list Meanwhile, domestic benchmark equity indices finished marginally higher on August 16, despite volatility during the day. The 30-share BSE Sensex ended at 65,539.42 up 137.50 points or up 0.2 per cent while the Nifty also closed at 19,465 level, up 30.45 points or 0.16 per cent. The broader indices too witnessed a similar trend as the smallcap index managed to gain over half a per cent while
. Read more on livemint.com
