FIIs buying slows to ₹837 cr on 11 May, DIIs pull out ₹200 cr from shares

Foreign institutional investors’ (FIIs) inflow slows to a little over 837 crore on Thursday, nevertheless, continued to stay net buyers for eleven days in a row. Domestic institutional investors (DIIs) however pulled out 200 crore from Indian equities on the weekly expiry day. Sensex and Nifty 50 witnessed a range-bound performance before ending on a subdued note.

As per NSE data, on May 11, FIIs’ buy value was at 7,950.84 crore and sell value at 7,113.63 crore — resulting in an inflow of 837.21 crore.

While DIIs buying value stood at 7,026.38 crore and selling value at 7,226.47 crore — recording an outflow of 200.09 crore from Indian stocks in the day.

In the previous session, FIIs infused 1,833.13 crore, while DIIs sold 789.67 crore.

FIIs have been buying domestic equities since April 26th, while DIIs have shown a mixed performance.

In the latest trading session, Sensex ended at 61,904.52 down by 35.68 points or 0.06%, and Nifty 50 closed at 18,297 lower by 18.10 points or 0.1%.

Read here: Top gainers, losers in trade today: Asian Paints, HUL, Dr Reddy’s, L&T – check full list here

In the broader market on Thursday, small-caps outperformed as the index rallied over 201 points on BSE, while midcap also saw a substantial upside. Mood in the market was dampened due to a steep selloff in capital goods, and metal stocks as these indexes slipped by 726 points and 254 points respectively. The healthcare index also witnessed a drop of 152 points. On the other hand, buying was seen in auto and banking stocks.

On the current performance, Ajit Mishra, VP – Technical Research, Religare Broking said, “Markets remained range bound on the weekly expiry day and settled almost unchanged. After the initial uptick, the Nifty oscillated in a narrow band and finally closed at 18,297 levels. The majority of sectors traded in sync with the benchmark and ended flat, however selective buying in banking, financials, and FMCG kept the traders busy. Meanwhile, the market breadth was inclined on the advancing side, thanks to buying in the smallcap space.”

So far in May, FIIs have bought 12,264.05 crore worth of equities, the highest of 2023 as of now. While DIIs have pulled out 3,075.04 crore, as per Stock Edge data.

For Friday’s trade, Mishra said, “Markets have been maintaining a positive tone but a mixed trend across index majors is capping the momentum. We thus reiterate our view to focus on stock selection and trade management. In the absence of any major event, the performance of the global markets and earnings will remain in focus for cues.”

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