FIIs net sell shares worth Rs 6082 crore, DIIs net buy Rs 6765 crore on July 28

At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90. BSE Midcap index shed 0.7 percent and smallcap index fell 1.3 percent.

On July 28, Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 6082 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 6765 crore worth of shares, according to provisional NSE data. This is the highest net selling by FIIs since May 30 and highest net buying by DIIs since June 17.

DIIs purchased equities worth Rs 15,800 crore and offloaded shares amounting to Rs 9,035 crore. FPIs, on the other hand, bought stocks worth Rs 9,994 crore while selling Rs 16,076 crore.

For the year so far, FIIs have been net sellers of equities worth Rs 1.52 lakh crore and DIIs were net buyers worth Rs 3.94 lakh crore.

Market View

At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90. BSE Midcap index shed 0.7 percent and smallcap index fell 1.3 percent.

Shriram Finance, Cipla, Hero MotoCorp, HUL, SBI Life were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Wipro, Bajaj Finance, Bharti Airtel, IndusInd Bank.

On today's market, Vinod Nair, Head of Research, Geojit Investments Limited notes that domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows. "In contrast, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated. The upcoming monetary policy decisions from the Fed and BoJ, along with the trajectory of domestic quarterly earnings, are expected to play a pivotal role in shaping market direction in the near term," he added.