FIIs net buy Rs 308 crore worth of equities, DIIs net buy Rs 1519 crore on September 16

For the year so far, FIIs have been net sellers of shares worth Rs 2.20 lakh crore, while DIIs have net bought shares worth Rs 5.41 lakh crore.

Foreign investors (FIIs/FPIs) turned buyers, picking up Rs 308 crore worth of Indian equities on Tuesday. At the same time, domestic institutional investors (DIIs) continued to buy picking up shares worth Rs 1519 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 11,643 crore and sold shares worth Rs 10,125 crore. FIIs too bought shares worth Rs 11,942 crore, but sold shares totalling Rs 11,634 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.20 lakh crore, while DIIs have net bought shares worth Rs 5.41 lakh crore.

Market Edge

At close, the Sensex was up 594.95 points or 0.73 percent at 82,380.69, and the Nifty was up 169.90 points or 0.68 percent at 25,239.10.

Except FMCG, all other sectoral indices ended in the green with auto, realty, telecom up 1% each.

Kotak Mahindra Bank, L&T, Maruti Suzuki, Bharti Airtel, Tata Steel were among major gainers on the Nifty, while losers were Shriram Finance, Bajaj Finance, Tata Consumer, Nestle, Asian Paints.

On today's market, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services noted that attention remains on the scheduled meeting between chief negotiators from India and the U.S. for stock-taking discussions on the proposed bilateral trade agreement (BTA).

"This is the first in-person discussion since the 50% tariffs on Indian goods kicked in from August 27. Globally, focus is on key U.S. macro data, with retail sales due later today, followed by the Fed’s policy decision tomorrow — where markets are betting on the first rate cut since 2024." Khemka added that investors will also track EU and UK CPI numbers due tomorrow, which may further guide sentiment.

Going forward, Khemka expects the market to continue its gradual up-move, while tracking key trade-related developments and the US Fed rate cut decision, which would play a pivotal role in shaping near-term sentiment.