FIIs net buy Rs 69 crore of Indian equities, while DIIs pump in Rs 4,650 crore

Nifty Trading Plan for October 16

Foreign investors (FIIs/FPIs) net sold Rs 69 crore worth of Indian equities on Wednesday. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 4,650 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 16,215 crore and sold shares worth Rs 11,565 crore. In contrast, FIIs bought shares worth Rs 14,014 crore, but sold shares totalling Rs 13,945 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.40 lakh crore, while DIIs have net bought shares worth Rs 5.97 lakh crore.

Market Performance

Reflecting on the market performance today, Nandish Shah - Deputy Vice President, HDFC Securities, said: "After two sessions of profit-booking, the Nifty 50 resumed its uptrend by soaring 178 points (0.71%) to close at 25,323. NSE cash market turnover was lower by 8% compared to yesterday. At the close, the Sensex rose 575.45 points, or 0.70%, to 82,605.43. Buying was broad-based, marking a complete reversal of the previous day's selling concentration. Except for Nifty Media, all sectoral indices closed in the green. Leadership was prominent in sectors like Realty, PSU Banks, and Metal, which ended with the highest gains."

The Indian Rupee surged 72 paise against the greenback, its highest closing in a month.

Both the Nifty Midcap 100 and Small-cap 100 indices rallied along with the Benchmark Indices. Importantly, the broad market demonstrated resilience by holding above the previous session's low, thereby negating the bearish "Engulfing" pattern and signaling that the recent correction was merely transient profit-taking.