FIIs net sell shares worth Rs 1,166 crore, DIIs net buy Rs 3,894 crore on October 23

At close, the Sensex was up 130.06 points or 0.15 percent at 84,556.40, and the Nifty was up 22.80 points or 0.09 percent at 25,891.40. BSE Midcap index down marginally, while smallcap index shed 0.4%.

Foreign investors (FIIs/FPIs) net sold Rs 1,166 crore worth of Indian equities on Thursday. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 3894 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 19,247 crore and sold shares worth Rs 15,354 crore. In contrast, FIIs bought shares worth Rs 20,478 crore but sold shares totalling Rs 21,644 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.39 lakh crore, while DIIs have net bought shares worth Rs 6.09 lakh crore.

Market view

At close, the Sensex was up 130.06 points or 0.15 percent at 84,556.40, and the Nifty was up 22.80 points or 0.09 percent at 25,891.40. BSE Midcap index down marginally, while smallcap index shed 0.4%.

Nifty Bank index opened higher and tested fresh record high of 58,577.50, intraday, before closing flat at 58,078.05.

Infosys, HCL Technologies, TCS, Shriram Finance, Axis Bank were among top gainers on the Nifty, while losers were Eternal, Interglobe Aviation, Bharti Airtel, Tata Consumer, Eicher Motors.

On the sectoral front, IT index rose 2%, Private Bank index up 0.5%, while oil & gas index down 0.6%.

On today's market, Ajit Mishra – SVP, Research, Religare Broking noted that markets traded volatile on the weekly expiry day and ended nearly unchanged. The session began on a positive note, followed by range-bound movement in the first half; however, profit-taking in heavyweight stocks across sectors erased all the early gains.

"It appears that participants chose to book profits after the strong recent rally, especially following favorable developments such as optimism over an imminent India–US trade deal and stability on the global front. Additionally, renewed foreign institutional investor inflows, robust earnings from key sectoral leaders, and sustained festive season optimism have supported market sentiment," Mishra added.

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