Fund flow today | FIIs net buy at ₹71.91 crore while DIIs net buy at ₹2,360.81 crore | Mint
Active Stocks
Tue Feb 27 2024 15:57:55
  1. State Bank Of India share price
  2. 749.70 -1.23%
  1. Tata Steel share price
  2. 144.15 1.09%
  1. Power Grid Corporation Of India share price
  2. 292.50 1.65%
  1. Sun Pharmaceutical Industries share price
  2. 1,579.10 1.42%
  1. ITC share price
  2. 411.15 0.48%
Business News/ Markets / Stock Markets/  Fund flow today | FIIs net buy at 71.91 crore while DIIs net buy at 2,360.81 crore
BackBack

Fund flow today | FIIs net buy at ₹71.91 crore while DIIs net buy at ₹2,360.81 crore

FIIs sell stocks of Indian companies worth ₹15,969.42 crore and buy stocks for ₹16,041.33 crore

The 30-share BSE Sensex jumped 727.71 points, or 1.10%, to end at 66,901.91.Premium
The 30-share BSE Sensex jumped 727.71 points, or 1.10%, to end at 66,901.91.

Indian stocks rallied on Wednesday on higher foreign fund inflows and strong buying in information technology (IT), automotive, financial, and oil & gas shares.

Investors’ sentiments were boosted after Fed governor Christopher Waller flagged the possibility of lowering interest rate in the months ahead if inflation continued to ease. 

Foreign institutional investors (FIIs) on Wednesday sold stocks of Indian companies worth Rs 15,969.42 crore and bought stocks for 16,041.33 crore, resulting in an inflow of 71.91 crore, according to NSE data.

Domestic institutional investors (DIIs) bought equities worth 10,922.50 crore and offloaded shares worth 8,561.69 crore, resulting in an inflow of 2,360.81 crore, the exchange data showed.

The 30-share BSE Sensex jumped 727.71 points, or 1.10%, to end at 66,901.91. During the day, it zoomed 772.08 points, or 1.16%, to 66,946.28.

The NSE Nifty climbed 206.90 points, or 1.04%, to reclaim the 20,000- mark after a gap of over two months. It ended at 20,096.60.

Vinod Nair, head of research at Geojit Financial Services, said: “The market saw incredible upward momentum today, Nifty surpassing the 20,000 mark, driven by strong listing gains of ongoing IPOs and dovish statements from US Fed officials, intensifying expectations for early rate cuts. This was demonstrated by the rise in Mid & Small caps and drop in US bond yields and Dollar index. Ease in yield is attracting foreign funds to emerging markets." 

“Indian IT, automotive, banking, and oil & gas led the overall momentum, while real estate is lagging after hitting a record high. Looking ahead investors will closely monitor the outcome of the forthcoming exit poll, the OPEC+ meeting, and India's GDP data to assess the short-term trajectory," added Nair. 

The combined market valuation of all listed companies on the BSE reached the $4 trillion milestone for the first time.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 29 Nov 2023, 05:49 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App