FIIs invest ₹1,685.29 crore in Indian market on 15 May, DIIs invest ₹191.20
For a straight thirteen days in a row, foreign institutional investors (FIIs) bought shares of Indian companies worth a whopping ₹1,685.29 crore on Monday. A total of ₹191.20 crore was invested by domestic institutional investors (DIIs), who were also net buyers.
Following continuous foreign capital inflows and strong trends in Asian and European markets, benchmark indices Sensex and Nifty gained almost 0.5 percent to close on Monday at levels that were over five months high.
As per NSE data, on May 15, FIIs’ buy value was at ₹7,676.34 crore and sell value at ₹5,991.05 crore — resulting in an inflow of ₹1,685.29 crore.
While DIIs buying value stood at ₹5,505.55 crore and selling value at ₹5,314.35 crore — recording an inflow of ₹191.20 crore from Indian stocks in the day.
In the previous session, FIIs infused ₹1,014.06 crore, while DIIs sold ₹922.19 crore.
FIIs have been buying domestic equities since April 26th, while DIIs have shown a mixed performance. In May, foreign investors demonstrated a keen interest in buying Indian stocks, investing more than 23,152 crore in the first two weeks.
The Sensex began the day 129 points higher at 62,157.10 and increased by 535 points to reach a high of 62,027.90 during the day. The index ultimately finished the day 318 points, or 0.51 percent, higher at 62,345.71, while the Nifty finished the day 84 points, or 0.46 percent, higher at 18,398.85.
In line with the benchmarks, mid- and small stocks indices rose as well; the BSE Midcap and Smallcap indexes each increased by 0.47% and 0.49%, respectively.
Positive Asian and European market indications and a further decline in wholesale inflation data, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, drove a big rise as real estate equities received a lot of buying activity.
“India’s macroeconomic performance is showing further signs of improvement, and this is providing a major fillip to the markets,” said Chouhan.
Vinod Nair, Head of Research at Geojit Financial Services, pointed out that positive developments like declining inflation rates, steady foreign inflows, and the expectation of strong quarterly earnings growth due to a decline in global commodity prices are pushing the domestic benchmark indices forward.
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