Indian stocks see inflow of ₹1,186 cr from FIIs today; DIIs invest ₹301 cr
Inflow from foreign institutional investors (FIIs) continue in Indian equities on Wednesday. Similarly, domestic institutional investors also followed the trend however at a slower pace. Both FIIs and DIIs were net buyers despite benchmarks Sensex and Nifty 50 closing in the red.
As per NSE data, FII buying value stood at ₹8,548.49 crore, and selling value was at ₹7,362.65 crore in Indian equities on May 24th — registering an inflow of ₹1,185.84 crore.
Meanwhile, DIIs overall inflow stood at ₹300.93 crore by the end of market hours. They purchased ₹5,880.82 crore worth of equities but also sold ₹5,579.89 crore.
On May 24th, Sensex moved away from its critical 62,000 mark to end at 61,773.78 down by 208.01 points or 0.34%. Nifty 50 closed at 18,285.40 lower by 62.60 points or 0.34%.
In the broader markets, midcap and smallcap stocks witnessed a slight upside. In terms of sectoral indices, consumer durables stocks outperformed with the index on BSE rising over 511 points followed by the healthcare index which gained by 170 points. Banking and financials were top laggards.
Ajit Mishra, VP – of Technical Research, at Religare Broking said, “Markets traded volatile and settled marginally lower, taking a breather after the recent up move. After the initial downtick, the Nifty oscillated in a range and finally settled around the day’s low at 18,285.40 levels. Most sectors traded in sync with the trend and ended lower wherein metal, banking, and financials were among the top losers. Meanwhile, the outperformance continued from the broader front as they managed to end flat to marginally in the green.”
FIIs inflow was at ₹182.51 crore on Tuesday, while DIIs inflow was to the tune of ₹604.57 crore.
Going ahead, Mishra added, “With the major earnings behind us, participants are eyeing global markets for cues but they’re not offering any clarity as of now. In between, sectors like banking and financials, which have considerable weight in the index, are largely dominating the move. While the tone is still positive, we feel participants should limit positions and wait for further clarity.”
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