While last Friday saw FII/FPI breaking their selling spree, on Monday the trend seems to have reversed. As per provisional data on NSE, Foreign Institutional Investors stood net sellers of equity shares worth Rs 1,202 crore. On the other hand, the market was buoyed by continued positive interest from Domestic Institutional Investors (DIIs) as they were net buyers of equity shares worth Rs 5,972 crore.
DIIs purchased equities worth Rs 15,109 crore and offloaded shares amounting to Rs 9,136 crore. FII/FPIs, on the other hand, bought stocks worth Rs 9,477 crore while selling shares worth Rs 10,679 crore.
For the year so far, DIIs have been net buyers of shares worth Rs 4.51 lakh crore while FPI/FIIs stood as net sellers of shares worth Rs 1.77 lakh crore.
Market Performance
Indian equities started the new, shortened trading week on a cautious note Monday, but sentiment improved steadily as buying gathered pace through the session. Gains were broad-based, helping the Nifty 50 rebound toward the 24,600 mark and the Sensex close 689 points higher at 81,712 — both benchmarks rising about 0.9%.
All major sectoral indices ended in the green, led by PSU Bank index (up over 2%). Public sector banks witnessed strong buying interest after SBI posted better than expected Q1 results. Broader market also showed recovery, with Nifty Midcap100 and Smallcap100 up by 0.9% and 0.4% respectively. Shares of oil marketing companies (OMCs) recorded gains, after the Central Government approved a compensation package of Rs30,000 crore for the under-recoveries on LPG.
"AMC stocks are likely to be in focus as the net inflow into equity mutual funds surged 81% to Rs42,672 crore in July as per latest AMFI data. Stock/sector specific action would continue as the earnings season enters its final leg. Overall, we expect the market to stay firm while tracking developments on US tariffs and outcome of the US-Russia talks scheduled," suggests Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services.
On the technical front, immediate resistance lies at 24,650–24,750 on the Nifty, with a break above potentially reigniting bullish momentum. On the downside, 24,500–24,450 should cushion minor pullbacks, while the 24,400–24,350 zone remains a critical base from a positional perspective.
Disclaimer: The views and investment tips expressed by 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
