FIIs net sell shares worth Rs 1666 crores, DIIs net buy Rs 2495 crore on September 3

On September 3, Sensex closed 409.83 points or 0.51% higher at 80,567.71, and the Nifty closed 135.45 points or 0.55% higher at 24,715.05. About 2,415 shares advanced, 1,333 shares declined, and 116 shares were unchanged. Day's low of Sensex was 80,004 while the intraday low of Nifty was 24,533.

Foreign investors (FIIs/FPIs) net sold Rs 1666 crore worth of Indian equities on Tuesday. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 2495 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 14,834.78 crore and sold shares worth Rs 12,339.45 crore. In contrast, FIIs bought shares worth Rs 10,784.27 crore but sold shares totalling Rs 12,450.73 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.14 lakh crore, while DIIs have net bought shares worth Rs 5.20 lakh crore.

Market view

On September 3, Sensex closed 409.83 points or 0.51% higher at 80,567.71, and the Nifty closed 135.45 points or 0.55% higher at 24,715.05. About 2,415 shares advanced, 1,333 shares declined, and 116 shares were unchanged. Day's low of Sensex was 80,004 while the intraday low of Nifty was 24,533.

The NSE saw mixed movements across sectors. NIFTY Metal surged 3.11% to 9,676.40, NIFTY Pharma rose 1.10% to 21,959.60, and NIFTY PSU Bank gained 1.03% to 6,920.75. NIFTY Auto advanced 0.74%, while NIFTY IT slipped 0.74% and NIFTY Media was almost unchanged, down 0.04%.

On today's market Ajit Mishra – SVP, Research, Religare Broking noted that markets moved higher and gained over half a percent, supported by optimism around the GST Council meeting.  "With participants awaiting clarity from the GST Council outcome, we continue to view the index as being in a consolidation phase. Any favorable announcements from the GST Council could act as a near-term catalyst. In the meantime, metals and consumer-oriented sectors are showing relative strength, whereas persistent underperformance in IT and banking continues to weigh on sentiment. Traders are advised to keep positions light and align strategies with evolving sectoral trends," he said.

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Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.