₹2,406 crore during the session. Meanwhile, DIIs registered an inflow of ₹2,406.19 crore.The Federal Reserve's latest meeting minutes suggested Fed officials are unsure about their next move after catapulting the main interest rate they control to its highest level in more than two decades.
Hopes had been rising among investors that last month’s rate hike by the Fed would prove to be its last.Foreign institutional investors (FIIs) halted their selling streak on the Indian stock market as it closed with marginal gains on Wednesday, August 16, navigating through global and domestic uncertainties. This came in the wake of government data released on Monday, indicating that India's retail inflation had surged to a 15-month high of 7.44 percent in July 2023.Conversely, domestic institutional investors (DIIs) emerged as significant buyers during the Wednesday session, injecting a substantial ₹2,406 crore.
According to NSE data, FIIs collectively acquired Indian equities worth ₹21,055.98 crore, while divesting ₹20,333.22 crore, resulting in a net inflow of ₹722.76 crore. Simultaneously, DIIs introduced ₹7,967.77 crore and divested ₹5,571.48 crore, leading to a net inflow of ₹2,406.19 crore.
(Read More)Economic Times reported that GQG Partners made its second consecutive day of share purchases for JSW Energy on August 16. The GQG Partners Emerging Market Fund procured 10,284.024 shares of JSW Energy, equivalent to a 0.6 per cent stake, at a price of ₹341.70 per share, totaling ₹351 crore.In a prior instance on the preceding Monday, GQG Partners had obtained more than 1.2 crore shares of JSW Energy at ₹345 each, resulting in a cumulative investment of ₹411 crore.
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