FIIs net buy shares worth Rs 14,064 crore, DIIs offload Rs 4,427-crore equities

At close, the Sensex was up 1,359.51 points or 1.63 percent at 84,544.31, and the Nifty was up 375.2 points or 1.48 percent at 25,79.

A day after the US Fed announced a 50 bps rate cut, foreign investors turned net buyers with Rs 14,064 crore worth of shares. On the other hand, domestic institutional investors (DIIs) sold shares worth Rs 4,427.08 crore, provisional data from NSE showed on September 20.

DIIs bought Rs 16,987.42 crore worth of shares and sold equities worth Rs 21,414.50 crore. Meanwhile, FIIs purchased Rs 59,452.33 crore in shares and offloaded equities worth Rs 45,388.28 during the trading session.

At close, the Sensex was up 1,359.51 points or 1.63 percent at 84,544.31, and the Nifty was up 375.2 points or 1.48 percent at 25,79.

All the sectoral indices ended in the green.

Biggest gainers on the Nifty were M&M, ICICI Bank, JSW Steel, Bharti Airtel and L&T, while losers included Grasim Industries, SBI, IndusInd Bank, TCS and Bajaj Finance.

On the market, Siddhartha Khemka, head - research, wealth management, Motilal Oswal Financial Services Ltd noted that markets are gradually climbing up. "We expect this positive momentum to continue next week backed by strong FII inflow, healthy domestic macros, and receding concern about the US economy slowing down," he said.

In the year so far, FIIs have net sold shares worth Rs 1.2 lakh crore, while DIIs have bought 3.28 lakh crore shares

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