FIIs net sell shares worth Rs 3,228 crore, DIIs net buy shares worth Rs 1,401 crore

In the year so far, FIIs have net sold shares worth Rs 2.42 lakh crore, while DIIs have bought Rs 5.17 lakh crore shares.

On October 28, Domestic Institutional Investors (DII) net bought shares worth Rs 1,401 crore. On the other hand Foreign institutional investors (FIIs) net sold shares worth Rs 3228 crore, provisional data from NSE showed.

DIIs bought Rs 12,258 crore worth of shares and sold shares worth Rs 10,857 crore. Meanwhile, FIIs purchased Rs 13,393 crore in shares and offloaded equities worth Rs 16,621 during the trading session.

In the year so far, FIIs have net sold shares worth Rs 2.42 lakh crore, while DIIs have bought Rs 5.17 lakh crore shares.

Market view

At close, the Sensex was up 602.75 points or 0.76 percent at 80,005.04, and the Nifty was up 158.35 points or 0.65 percent at 24,339.15.

Biggest Nifty gainers included Shriram Finance, Adani Enterprises, ICICI Bank, Eicher Motors and Wipro, while losers were Coal India, Bajaj Auto, Axis Bank, Kotak Mahindra Bank and Hero MotoCorp.

All the sectoral indices ended in the green with PSU Bank index rose 3.8 percent, Metal index added 2.5 percent, while pharma, media, realty up more than 1 percent each.

According to Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher, the next few months are crucial given US presidential elections, state elections in India, demand scenario in festival and wedding season and food inflation trends in India. “With Diwali approaching, the sentiment is expected to remain upbeat in this holiday-shortened trading week. India VIX fell 2% indicating lower volatility, going ahead,” he said.

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