FIIs net buy shares worth Rs 1,076 crore, DIIs net buyers of equity worth Rs 2,566 crore

FII net bought shares worth Rs 1,076 crore while DIIs net buy Rs 2,566 crore-worth shares

Foreign investors were net buyers in equities worth Rs 1,076.18 crore, with domestic institutional investors (DIIs) buying shares worth Rs 2,566.82 crore on June 4, provisional data has shown, as Nifty ended above 24,600 in a rangebound session.

Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) bought shares worth Rs 16,575.56 crore and sold shares worth Rs 15,499.38 crore. Meanwhile, Domestic Institutional Investors (DIIs) Meanwhile, domestic institutional investor (DII) activity continues to support the market, led by large block deals worth Rs 3,480 crore executed today. DIIs bought shares worth Rs 13,045.17 crore and sold shares worth Rs 10,478.35 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.25 lakh crore, while DIIs have net bought Rs 2.89 lakh crore worth of shares.

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Market Performance

Indian equities ended with modest gains on June 4, buoyed by positive global cues and renewed buying interest across key sectors that took the Nifty 50 index 0.3% higher at 24,620, while the Sensex advanced by 260 points.

Sectoral performance was mixed, with the Nifty IT Index higher by 1.35%, reflecting strength in technology and digital economy stocks. Railway stocks were in focus, rallying on the back of a surge in order books after a series of recent government contracts. The broader market also participated in the upmove with the Nifty Midcap 100 and Smallcap 100 rising by 0.4% and 0.5%, respectively.

Investors are now watching the RBI's monetary policy meeting, with rate-sensitive sectors such as PSU Banks, Realty, and Auto in focus amid expectations of a third rate cut in 2025 and further liquidity-boosting measures.

Shrikant Chouhan, Head – Equity Research at Kotak Securities said, “...the benchmark indices witnessed range-bound activity. The Nifty ended 70 points higher, while the Sensex was up by 260 points. Technically, after a muted open, the market witnessed some recovery from lower levels. However, it is still trading below the 20-day SMA (Simple Moving Average) of 24,700/81,300, which is largely negative. We believe that the current market structure is non-directional, and the intraday formation indicating range-bound activity is likely to continue in the near future.”

Chouhan said a move above the 20-day SMA could see the market rallying toward 24,760–24,850/81,500–81,800. Conversely, a fall below 24,450/80,500 could accelerate selling pressure, with the market potentially slipping to 24,320–24,300/80,100–80,000.

Also to note, the Nifty 50 index has its expiry day tomorrow, on Thursday, June 5, under the current weekly cycle, ahead of SEBI’s new rule—effective June 15—that restricts index expiries to only Tuesdays or Thursdays across exchanges.