DIIs Net Buy ₹874 Crore, FIIs Add ₹483 Crore in Market Surge
On September 17, 2024, Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) injected fresh capital into the stock market, leading to significant market activity. DIIs made net purchases of ₹874 crore, while FIIs added ₹483 crore worth of shares, as per provisional data from the NSE.
Key Market Movements:
- DIIs bought shares worth ₹10,960 crore and sold equities worth ₹10,086 crore.
- FIIs purchased stocks valued at ₹13,095 crore, while selling ₹12,613 crore during the same trading session.
Year-to-Date Overview:
- FIIs have been net sellers this year, offloading stocks worth ₹1.33 lakh crore.
- In contrast, DIIs have been consistent buyers, accumulating shares worth ₹3.30 lakh crore so far in 2024.
Market Performance: The trading day saw a slight uptick, with the Sensex closing 80 points higher at 83,068, a 0.1% increase, and the Nifty adding 34 points, settling at 25,418.50. Despite this, the overall market sentiment remained mixed, as 1,616 stocks advanced while 2,176 stocks declined.
Sectoral Gains and Losses: Sectors such as Nifty Realty, Consumer Durables, and Auto led the gains, while Media, PSU, and Metal sectors posted losses, reflecting the uneven market sentiment.
Expert View: Vikram Kasat, Head of Advisory at PL Capital, highlighted the cautious market outlook, citing global macroeconomic pressures and a weakened rupee as contributing factors. He emphasized that while some sectors showed strength, upcoming policy announcements are keeping investors on edge.
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