Domestic institutional investors (DIIs) net sold shares worth Rs 1,801 crore while foreign institutional investors (FIIs) net bought stocks worth Rs 7,695 crore on September 12, provisional data from the NSE showed. Indian benchmark indices, the Sensex and the Nifty, surged to touch all-time highs of 83,116 and 25,433, respectively.
DIIs bought shares worth Rs 13,691 crore and sold stocks worth Rs 15,491 crore. Meanwhile, FIIs purchased Rs 23,301 crore worth of shares and offloaded equities worth Rs 15,606 crore during the trading session.
In the year so far, FIIs have net sold shares worth Rs 1.35 lakh crore, while DIIs have bought shares worth Rs 3.26 lakh crore.
Market view
At close, the Sensex was up 1,439.55 points, or 1.77 percent, at 82,962.71, and the Nifty was up 470.40 points, or 1.89 percent, at 25,388.90.
Sectorally, the Nifty Metal index was the top performer of the day.
Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services notes that it was a euphoric day for Indian equities as the Nifty hit a fresh high above 25,400 levels amid strong buying in the last hour of the session. "Overall, we expect the market to continue its momentum on the back of healthy buying by FIIs and retail participation at every dip. The key event to watch out on the domestic front is India’s inflation data," he said.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
