Monday trade: FIIs sell ₹1,393.25 crore in Indian market on August 28, DII invest ₹1,264.01 crore

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₹1,393.25 crore. Domestic institutional investors (DIIs) continued their buying streak for the seventh session on Monday and bought shares for ₹1,264.01 crore. As per NSE data, on August 28, FIIs' buy value was at ₹10,235.41 crore and sell value at ₹11,628.66 crore -- resulting in an outflow of ₹1,393.25 crore.

While DIIs buying value stood at ₹7,711.28 crore and selling value at ₹6,447.27 crore -- recording an inflow of ₹1,264.01 crore from Indian stocks in the day. In the previous session, FIIs sold ₹4,638.21 crore, while DIIs purchased ₹1,414.35 crore. Also Read: FPIs invest ₹10,690 cr in Indian equities this month, sell Rs15,817 cr in cash market; check short-term negatives After falling for two-straight sessions, domestic benchmark indices ended marginally higher.

On the backdrop of concerns about US interest rates, the IT stocks among the major sectoral indexes dragged down the indices. Reliance Industries share price fell over 1% as Mukesh Ambani delivered speech at 46th AGM. Sensex closed 110.09 points, or 0.17 per cent, higher at 64,996.60 while the Nifty ended at 19,306.05, up 40.25 points, or 0.21 per cent.

Power Grid Corporation of India Ltd (up 2.77%), Larsen & Toubro Ltd (up 2.11%), Cipla Ltd (up 1.95%), Mahindra & Mahindra Ltd (up 1.83%), and Bharat Petroleum Corporation Ltd (up 1.53%)were among the top gainers of Nifty 50. Jio Financial Services Ltd (down 2.05%), Reliance Industries Ltd (down 1.27%), Adani Enterprises Ltd (down 0.87%), Hindalco Ltd (down 0.87%), Nestle India Ltd (down 0.82%) were among the laggards today. Mid and smallcaps outperformed the benchmark index.