On August 4, Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 2,566 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 4,386 crore worth of shares, according to provisional NSE data.
DIIs purchased equities worth Rs 14,068 crore and offloaded shares amounting to Rs 9,682 crore. FPIs, on the other hand, bought stocks worth Rs 9,014 crore while selling Rs 11,581 crore.
For the year so far, FIIs have been net sellers of equities worth Rs 1.68 lakh crore and DIIs were net buyers worth Rs 4.16 lakh crore.
Market Performance
Indian benchmark indices ended higher on August 4, snapping a two-day losing streak, with strong buying seen across most sectors. The Nifty rose 157.40 points, or 0.64%, to close at 24,722.75, while the Sensex also ended in the green. Gains were broad-based, with mid- and small-cap indices outperforming the benchmarks, each rising over a percent.
Investor sentiment was buoyed by softer-than-expected US jobs data, which pushed the dollar lower and raised hopes of a potential interest rate cut by the US Federal Reserve in its September meeting. This helped metal, banking, and IT stocks post strong gains.
Auto stocks also contributed to the rally, supported by healthy July dispatch figures and solid Q1 earnings from key players. Meanwhile, FMCG stocks saw some profit-booking after a strong run-up in the previous week, making it the only sectoral laggard.
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