Fund Flow | FIIs net buy at ₹252.25 crore while DIIs net buy at ₹1,111.84 crore in equities today
₹7,977.55 crore and bought stocks for ₹8,229.80 crore, resulting in an inflow of ₹252.25 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹8,022.52 crore and offloaded shares worth ₹6,910.68 crore, resulting in an inflow of ₹1,111.84 crore, the exchange data showed. The BSE 30-share Sensex shed 825.74 points, or 1.26%, to end at 64,571.88.
During the day, it plummeted 894.94 points, or 1.36%, to 64,502.68. The Nifty fell 260.90 points, or 1.34%, at 19,281.75. Prashanth Tapse, senior VP (research) at Mehta Equities Ltd, said: “Amidst financial turbulence and global uncertainties, Dalal Street had a tumultuous day.
The Nifty index, clouded by doubts, closed on a downbeat note, mirroring concerns about lackluster corporate earnings in India and growing fears of inflation and an economic downturn." “Skeptical Foreign Institutional Investors (FIIs) are entrenched in the prevailing pessimism, while sectoral indices like Nifty Media, PSU Banks, and Metal faced significant declines. In a sea of red, Dalal Street offered little respite, with a challenging journey ahead," added Tapse. In the four sessions since Wednesday, the Sensex tanked 1,925 points to fall below the 65,000 mark, while the Nifty tumbled by around 530 points.
“Domestic equities came under pressure amid global turmoil and witnessed broad base selling," said Siddhartha Khemka, head - retail research at Motilal Oswal Financial Services Ltd. “Fear of regional conflict in the Middle East and worries over more rate hikes by US Fed for extended period were the major cause of concern in the market. Even the earning season has been mixed so far, thus not providing resilience to the market," he added.
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