Foreign investors (FIIs/FPIs) offloaded Indian equities worth Rs 1,100 crore on Wednesday. At the same time, domestic institutional investors (DIIs) sustained their support with net purchases of Rs 1,806 crore, according to provisional exchange data.
During the trading session, FIIs bought shares worth Rs 11,599 crore and sold shares worth Rs 12,699 crore. DIIs purchased equities worth Rs 14,464 crore while selling shares worth Rs 12,657 crore.
For the year so far, FIIs have been net sellers of shares worth Rs 1.88 lakh crore, while DIIs have net bought Rs 4.72 lakh crore worth of shares.
Market Performance
The Nifty extended its winning run to a fifth straight session on Wednesday, closing above the 25,000 mark, aided largely by a sharp rally in IT stocks ahead of the release of the Federal Reserve’s July meeting minutes. Gains in FMCG and realty shares also provided support, while broader indices moved in line with the benchmarks. The Sensex advanced 213.46 points, or 0.26%, to end at 81,857.85, while the Nifty rose 69.90 points, or 0.28%, to settle at 25,050.55.
“Today’s upmove was led by IT, with the Nifty IT index up 2.7%. Apart from IT, buying interest was seen in FMCG and Realty, both rising over 1% each,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services. He added that selective defence names advanced after the government cleared the Air Force’s Rs 62,000-crore plan to acquire 97 LCA Tejas Mark 1A fighter jets, while gaming stocks came under heavy pressure following the Union Cabinet’s decision to ban real money games.
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