DIIs net buy shares worth Rs 439 crore, FIIs net sell shares worth Rs 1,348 crore

Among sectors, IT, Pharma, and Healthcare and Telecom index were up while Media index shed 1.4 percent and FMCG and PSU Bank down.

Domestic institutional investors (DII) net bought shares worth Rs 439 crore while Foreign institutional investors (FII) were net sellers of shares worth Rs 1,348 crore, provisional data from NSE showed on August 28.

DIIs bought Rs 12,747 crore worth of shares and sold shares worth Rs 12,307 crore. Meanwhile, FIIs purchased Rs 13,536 crore in shares and offloaded equities worth Rs 14,883 crore during the trading session.

For the year so far, FIIs have net bought shares worth Rs 1.27 lakh crore, while DIIs have bought shares worth Rs 3.13 lakh crore.

Also read:  Taking Stock: Nifty sees profit booking after crossing 25,100 for first time; IT, pharma stocks gain

Market view
At close, the Sensex was up 73.80 points or 0.09 percent at 81,785.56, and the Nifty was up 34.50 points or 0.14 percent at 25,052.30.

Biggest Nifty gainers were LTIMindtree, Wipro, Divis Labs, IndusInd Bank and Bharti Airtel, while losers were Maruti Suzuki, Nestle India, Asian Paints, Adani Enterprises and Britannia Industries.

Among sectors, IT, Pharma, and Healthcare and Telecom index were up while Media index shed 1.4 percent and FMCG and PSU Bank down.

On today's market, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services noted that it was yet another euphoric day for Indian equities as the markets scaled new peaks. "Global markets are witnessing continuous momentum on rising hopes of a Fed rate cut in September. This is having a positive rub-off on several domestic sectors like IT, Metals, and NBFC. Sectors with strong earnings growth like Insurance and pharma are also witnessing buying," he said adding that they expect the gradual uptick in the market to continue, supported by FII inflows and healthy domestic macros. Markets are likely to remain volatile on Thursday on account of monthly derivatives expiry.

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