Share Market LIVE: Sensex, Nifty to start on muted note; Gift Nifty flat

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₹1,197 crore. However, DIIs showed dull demand for domestic equities.U.S. stocks rose on Tuesday, helped by optimism ahead of key inflation reports.

U.S. consumer price data is due on Wednesday, while a producer prices report is due on Thursday. Several Fed officials said this week the central bank would likely need to raise rates further to curb inflation but that the end of its tightening cycle was getting close.On Tuesday, Foreign institutional investors (FIIs) maintained their trend of being net buyers of Indian stocks for the tenth consecutive day.

They infused a substantial amount of ₹1,197 crore into the market. Conversely, domestic institutional investors (DIIs) exhibited lackluster demand for domestic equities. Overall, the markets concluded positively, shifting attention towards the first-quarter earnings of IT firms in FY24.

Key players such as TCS and HCL Tech are scheduled to release their financial results tomorrow, followed by Wipro on July 13.According to the data from the National Stock Exchange (NSE), the cumulative value of FII purchases amounted to ₹10,839.74 crore, while the value of sales reached ₹9,642.36 crore. Consequently, Indian equities witnessed an inflow of ₹1,197.38 crore.On the contrary, DIIs purchased equities worth ₹9,758.83 crore but divested ₹9,766.08 crore on Tuesday. Consequently, they emerged as net sellers, resulting in a modest outflow of ₹7.25 crore.