FIIs net sell shares worth Rs 26 crore, DIIs net buy Rs 1,367

FIIs purchased equities worth Rs 12,167 crore and offloaded shares amounting to Rs 12,193 crore. FPIs, on the other hand, bought stocks worth Rs 13,276 crore while selling Rs 11,910 crore.

On July 8, Foreign Portfolio Investors (FPIs) net sold Rs 26 crore in Indian equities while domestic institutional investors (DIIs) net bought Rs 1,367 crore, according to provisional data on NSE.

FIIs purchased equities worth Rs 12,167 crore and offloaded shares amounting to Rs 12,193 crore. FPIs, on the other hand, bought stocks worth Rs 13,276 crore while selling Rs 11,910 crore.

In the year so far, FIIs have been net sellers of equities worth Rs 1.20 lakh crore and DIIs were net buyers worth Rs 3.55 lakh crore.

Market view

At close, the Sensex was up 270.01 points or 0.32 percent at 83,712.51, and the Nifty was up 61.20 points or 0.24 percent at 25,522.50. Among sectoral laggards, Nifty Consumer Durables was the top loser, falling over 2 percent. Nifty Pharma, Auto, and FMCG also traded lower. On the gaining side, Nifty Private Bank rose 0.5 percent, followed by Nifty IT and Nifty Realty, which ending in the range of 0.3 to 1 percent.

On today's market, Ajit Mishra – SVP, Research, Religare Broking noted that markets continued their consolidation phase for yet another session but managed to end marginally in the green.

"A mixed trend across sectors kept traders engaged, with realty, financials, and banking emerging as top gainers, while pharma and auto lagged. The broader indices also witnessed volatility but ended with marginal losses," he said adding that the the recent stability, despite lingering caution ahead of the trade deal announcement and the upcoming earnings season, suggests that the bulls remain in control and anticipate a resumption of the uptrend.

"However, participants should avoid complacency and maintain their focus on stock selection, as sectoral participation continues on a rotational basis," he added.