FIIs extend buying streak to 11th session, infuse Rs 50 crore in equities; DIIs pump in Rs 1,792 crore

Benchmark indices Nifty and Sensex gave up early gains to close in the red, snapping a two-day winning run and ending the month on a tepid note.

Foreign investors extended their buying streak to an eleventh straight session on Wednesday, April 30, purchasing Indian equities worth Rs 50 crore. With the latest two inflows, FIIs have now turned net buyers for April, reversing earlier heavy selling of nearly Rs 35,000 crore. Domestic institutional investors (DIIs) also remained positive, buying shares worth Rs 1,792 crore, provisional data showed.

During the trading session of April 30, FIIs bought shares worth Rs 25,190 crore and sold shares worth Rs 25,139 crore. DIIs purchased shares worth Rs 14,429 crore and sold shares worth Rs 12,637 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.37 lakh crore, while DIIs have net bought Rs 2.06 lakh crore worth of shares.

Market Performance

Benchmark indices Nifty and Sensex gave up early gains to close in the red, snapping a two-day winning run and ending the month on a tepid note. After a strong rally in recent sessions, analysts say the market may be due for a breather. India VIX, the fear gauge, spiked 5 percent in today’s session to climb past the 18 mark, signalling a rise in market jitters.

As the headline indices slipped, the broader market followed suit. The Nifty Midcap 100 and Smallcap 100 declined 0.7 percent and 1.7 percent, respectively. Despite a strong April, both indices are still down for the year, with losses of 5.3 percent and 12 percent.

Sectorally, Nifty Pharma, Oil & Gas, Infra, FMCG, Realty and Energy ended in the green. Pharma and Oil & Gas were the top performers, gaining 0.6 and 0.4 percent, respectively. On the flip side, Nifty Bank, PSU Bank, IT, and Metal slipped between 0.4 and 2 percent.

On the Nifty, HDFC Life Insurance, Maruti Suzuki, Bharti Airtel, Power Grid Corporation, and SBI Life were among the top gainers. Bajaj Finance, Bajaj Finserv, Trent, Tata Motors, SBI, and UltraTech Cement were the key laggards.