FIIs winning streak continues for 5 days in row, infuses ₹2,134 crore today in Indian stocks; DIIs selling widens
₹2,134 crore in Indian stocks when the US market will be closed. Traders' sentiment has remained optimistic in domestic equities. The market is placing its bets ahead of Q1 results for FY24.
According to the NSE data, cumulatively on July 4th, FIIs' buying value stood at ₹8,783.66 crore and the selling value was at ₹6,649.33 crore. Hence, they pumped in ₹2,134.33 crore in Indian equities. Meanwhile, DIIs extended their selling with an overall outflow of ₹785.48 crore compared to the previous day's print.
Today, DIIs purchased ₹7,026.14 crore worth of equities but offloaded ₹7,811.62 crore. Today, Sensex and Nifty 50 extended their record-high levels, however, the upside was limited due to the mixed trend seen in sectoral indices. Sensex ended at 65,479.05, up by 274 points or 0.42%.
While Nifty 50 settled at 19,389, higher by 66.45 points or 0.34%. Earlier in the day, both Sensex and Nifty 50 hit a new lifetime high of 65,672.97 and 19,434.15 respectively. Talking about the current market performance, Ajit Mishra, SVP - of Technical Research, at Religare Broking said, "Markets consolidated in a range and ended with modest gains, taking a breather after the recent surge.
After the initial uptick, Nifty oscillated in a band throughout the session and finally settled at 19389 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein IT and financials posted decent gains. After the weeks of outperformance, we are seeing some consolidation in midcap and smallcap space too." On the previous day, the same pattern was seen among these institutional investors.
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