Wednesday trade: FIIs buy ₹614.32 crore in Indian market on August 23, DII further invest ₹125.03 crore
₹614.32 crore after being sellers for the last four straight sessions. Domestic institutional investors (DIIs) continued their buying streak for the fourth session on Wednesday and bought shares for ₹125.03 crore. As per NSE data, on August 23, FIIs' buy value was at ₹9,419.37 crore and sell value at ₹8,805.05 crore -- resulting in an inflow of ₹614.32 crore.
While DIIs buying value stood at ₹7,228.77 crore and selling value at ₹7,103.74 crore -- recording an inflow of ₹125.03 crore from Indian stocks in the day. In the previous session, FIIs sold ₹495.17 crore, while DIIs purchased ₹533.75 crore. Also Read: DIIs invest over ₹500 crore in Indian equities, FIIs offload ₹495 crore: What's fueling the selling spree? Domestic benchmark indices remained stable on Wednesday's trading session and ended positive.
A surge in financial services stocks drove both the Sensex and Nifty, as investors anticipated two significant central bank announcements. Sensex closed 213 points, or 0.33 per cent, higher at 65,433.30 while the Nifty ended at 19,444, up 48 points, or 0.25 per cent. Investors are anticipating clues about the future direction of interest rates as officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are to meet in Jackson Hole, Wyoming, later this week for their yearly conference on central banking.
All eyes will be on what the US Federal Reserve Chair Jerome Powell says about inflation and interest rate trajectory on Friday. Meanwhile, global cues were mixed as the benchmark US Treasury yields hit a near 16-year high amid concerns that interest rates will remain high for a longer-than-expected period. Also Read: Market Wrap: Sensex, Nifty end higher; bank stocks lead
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