₹2,641 crore, while Domestic Institutional Investors (DIIs) sold shares worth a net amount of ₹2,351 crore. Moving into July till date, FIIs continued to show interest in the Indian market by buying shares worth a net amount of ₹8,374.55 crore, while DIIs sold equities worth a net amount of ₹3,913.95 crore.Vinod Nair, Head of Research at Geojit Financial Services said, “Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues.
India’s underperformance during the year is expected to reverse moving ahead."A day before the monthly U.S employment report, evidence of a solid labor market spurred expectations the Fed will keep interest rates higher for longer to tame inflation that remains above its target.Foreign Institutional Investors (FIIs) purchased shares worth a net amount of ₹2,641 crore in the Indian market, while Domestic Institutional Investors (DIIs) sold shares worth a net amount of ₹2,351 crore. Moving into July until the given date, FIIs continued to show interest in the Indian market by buying shares worth a net amount of ₹8,374.55 crore, while DIIs sold equities worth a net amount of ₹3,913.95 crore.Additionally, the benchmark indices in the Indian stock market, namely the S&P BSE Sensex and the Nifty 50 index, both reached new all-time highs.
The S&P BSE Sensex advanced by 339.60 points or 0.52% to reach 65,785.64, while the Nifty 50 index gained 98.80 points or 0.51% to close at 19,497.30. These figures indicate positive momentum and investor confidence in the Indian stock market during the mentioned period.
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