FIIs turn net buyers on 3 trading days of week, infusing ₹5,329.92 cr in equities

This week, the Indian equity market witnessed a mixed pattern of institutional flows, with Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) taking contrasting positions.

FIIs were net buyers on three out of the five trading days, purchasing a total of ₹5,329.92 crore worth of equities, while DIIs showed a more cautious stance, with net selling of ₹1,504.88 crore over the same period.

On Monday, FIIs were net buyers, with an inflow of ₹2,335.32 crore, while DIIs recorded a net sell of ₹732.20 crore, reflecting a more conservative sentiment from domestic investors. However, the trend reversed mid-week, with FIIs turning net sellers on Tuesday, offloading ₹3,560.01 crore in equities, while DIIs absorbed ₹2,646.65 crore.

The domestic market ended on a positive note on Friday, helped by some last hour buying by investors. Both the Sensex and Nifty indices experienced a strong recovery, with a sharp intra-day surge today driving the indices to modest weekly gains. The Sensex rose 843 points to close at 82,133, while the Nifty gained 220 points to settle at 24,768.

Earlier in the week, both indices had been in the red, but a solid performance in IT stocks, particularly the Nifty IT index which surged nearly 7% over the past two weeks, provided much-needed support.

A further boost to market sentiment came from softer inflation data. India’s Consumer Price Index (CPI) for November eased to 5.48%, slightly lower than expected, and a decrease from October’s 6.21%. This signals a deceleration in price pressures across several sectors and provides a measure of relief to investors concerned about rising costs.

Also Read : Sensex, Nifty rebound with modest gains amid IT boost, end week in green