Share Market LIVE: Sensex, Nifty to start under caution; Gift Nifty trades flat
₹1,996 crore in Indian stocks on Monday. With that, FIIs are net buyers for the fourth consecutive day now. On the other hand, domestic institutional investors (DIIs) were net sellers. Commenting on Monday's trading Vinod Nair, Head of Research at Geojit Financial Services said, “Sentiments of investors are reinforced by positive domestic data and optimistic global cues.
Global market was supported by resilient economic data, avoiding the possibility of a recession. India’s stock market trend was broad-based, owing to the outperformance from energy, financial, metal, and FMCG sectors. Economic activities are gaining strength with PMI level enlarging to 57.8, indicating sustained demand for products, fostering a sense of confidence in the manufacturing prospects."Foreign institutional investors (FIIs) had a positive start to the month of July, investing approximately ₹1,996 crore in Indian stocks on Monday.
This marks the fourth consecutive day of net buying by FIIs. In contrast, domestic institutional investors (DIIs) were net sellers during this period. The market reached new all-time highs, with the Sensex at 65,300.35 and the Nifty 50 at 19,345.10.
According to NSE data, FIIs' cumulative buying value on July 3rd amounted to ₹7,533.91 crore, while their selling value was ₹5,537.99 crore, resulting in a net investment of ₹1,995.92 crore in Indian equities. On the other hand, DIIs purchased equities worth ₹7,031.90 crore but sold equities worth ₹7,369.70 crore, leading to an outflow of ₹337.80 crore. (Read More)Wall Street stock indexes were virtually unchanged on Monday while Treasury yields were higher after falling earlier as investors eyed a mixed bag of economic data ahead of the second-quarter earnings season and
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