FIIs turn net sellers as DIIs continue buying; equity benchmarks record marginal declines on Friday 28 July

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₹1,023.91 crore, while domestic institutional investors (DIIs) bought securities for a net total of ₹1,634.37 crore. FIIs purchased shares worth a net of 14,623.18 crore rupees for the month up to July 28, while DIIs sold shares worth a net of 3,672.40 crore rupees. On Friday, the primary equity benchmarks experienced marginal declines, marking their second consecutive day of losses.

The prevailing sentiment among investors has been impacted by the decrease in foreign portfolio investor (FPI) inflows and the upward trend of US bond yields. Notably, there was increased demand for FMCG and realty shares, while shares in the IT, banking, and financial sectors saw a downturn. The key gauge, S&P BSE Sensex, fell by 106.62 points or 0.16%, closing at 66,160.20.

Meanwhile, the Nifty 50 index also slipped by 13.85 points or 0.07%, settling at 19,646.05. Major contributors to the decline were Bajaj Finserv (down 1.75%), HDFC Bank (down 1.72%), and TCS (down 1.2%). However, the broader market displayed better performance compared to the headline indices, with the S&P BSE Mid-Cap index rising by 0.55% and the S&P BSE Small-Cap index gaining 0.49%.

The market breadth showed a positive trend, with 1,755 shares advancing and 1,788 shares declining on the BSE. A total of 148 shares remained unchanged. The NSE's India VIX, a measure of the market's expected volatility in the short term, dropped by 3.59% to 10.14.