Fund flow today | FIIs sell Indian stocks worth ₹549.37 crore, DIIs buy for ₹595.70 crore
Indian stock indices rallied for a third straight session on Monday, closing higher by nearly 1% on gains in IT, private banks and capital goods shares. Foreign institutional investors (FIIs) on Monday sold stocks of Indian companies worth ₹8,291.34 crore and bought stocks for ₹7,741.97 crore, resulting in an outflow of ₹549.37 crore, according to NSE data. FIIs offloaded equities worth ₹12.43 crore on Friday, according to exchange data.
Domestic institutional investors (DIIs) bought equities worth ₹8,311.28 crore and offloaded shares worth ₹7,715.58 crore, resulting in an inflow of ₹595.70 crore, the exchange data showed. The 30-share BSE Sensex jumped 594.91 points, or 0.92%, to settle at 64,958.69. During the day, it rallied 628.76 points, or 0.97%, to 64,992.54.
The broader Nifty of the National Stock Exchange climbed 181.15 points, or 0.94%, to 19,411.75. In the three sessions to Monday, Sensex has rallied around 1,367 points and Nifty by 422 points to trade above 19,400 level. In the broader market, the BSE smallcap gauge jumped 1% and midcap index rallied 0.90%.
Among the indices, capital goods advanced 1.68%, metal jumped 1.64%, industrials (1.42%), utilities (1.39%), commodities (1.38%), oil & gas (1.33%), energy (1.27%), realty (1.19%), bankex climbed 0.74% and auto (0.65%). Consumer durables emerged as the only laggard. The Indian rupee ended 7 paise higher against the US dollar on Monday following sharp gains in Asian currencies after the US treasury yields fell.
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