FIIs net sell shares worth Rs 832 crore, DIIs net buy Rs 3497 crore

At close, the Sensex was down 452.44 points or 0.54 percent at 83,606.46, and the Nifty was down 120.75 points or 0.47 percent at 25,517.05.

Foreign institutional investors (FII/FPI) were net sellers on June 30, selling shares worth Rs 832 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 3,497 crore, provisional data showed.

During the trading session, DIIs net bought shares worth Rs 15,915 crore and sold shares worth Rs 12,417 crore. FIIs purchased shares worth Rs 12,968 crore and sold shares worth Rs 13,799 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.15 lakh crore, while DIIs have net bought Rs 3.48 lakh crore worth of shares.

Market View

At close, the Sensex was down 452.44 points or 0.54 percent at 83,606.46, and the Nifty was down 120.75 points or 0.47 percent at 25,517.05.

Tata Consumer, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp, Maruti Suzuki were among major losers on the Nifty, while gainers were Trent, SBI, IndusInd Bank, Bharat Electronics and Jio Financial.

On the sectoral front, PSU Bank index rose 2.6 percent, pharma index gained 0.5 percent, while realty, FMCG, auto, metal ended in the red.

On today's market, Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services noted that Nifty PSU Bank emerged as the top gainer, rising 2.6%, as PSU stocks saw renewed buying interest after the Finance Minister urged public sector banks to utilise the RBI’s 50 bps rate cut to increase lending to productive sectors.  "Sentiment was further supported by SEBI’s approval of simplified delisting rules for PSUs with over 90% government ownership, making exit processes smoother," he added. Looking ahead, Khemka said that investors will closely monitor comments from the US Fed Chair for further cues. "Markets are likely to remain firm, supported by strong institutional flows and policy support. Attention will also shift to Q1 business updates, which are expected to begin this week. Tractor companies like M&M and Escorts may be in focus ahead of monthly Auto Sales data, aided by a strong start to the monsoon season," he said.

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