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Business / Tue, 02 Jul 2024 Moneycontrol

FIIs net sell equities worth Rs 2,000 crore, DIIs net buy shares worth Rs 648 crore

On July 2, domestic institutional investors were net buyers of shares worth Rs 648 crore. On the other hand, foreign investors were net sellers of shares worth Rs 2,000 crore. According to provisional data from NSE, DIIs bought Rs 14,203.40 crore worth of shares and sold shares worth Rs 13,555.15 crore. Meanwhile, FIIs picked up Rs 14,551.15 crore in shares and offloaded equities worth Rs 16,551.27 crore during today's session. Story continues below Advertisement Remove AdAlso read: Taking Stock: Market fails to hold record highs, ends flat; IT stocks outperformFor the year so far, FIIs have net bought shares worth Rs 1.27 lakh crore, while DIIs have bought shares worth Rs 2.41 lakh crore.

At close, the Sensex was down 34.74 points or 0.04 percent at 79,441.45, and the Nifty was down 18.2 points or 0.08 percent at 24,123.80.

On July 2, domestic institutional investors were net buyers of shares worth Rs 648 crore. On the other hand, foreign investors were net sellers of shares worth Rs 2,000 crore.

According to provisional data from NSE, DIIs bought Rs 14,203.40 crore worth of shares and sold shares worth Rs 13,555.15 crore. Meanwhile, FIIs picked up Rs 14,551.15 crore in shares and offloaded equities worth Rs 16,551.27 crore during today's session.

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Also read: Taking Stock: Market fails to hold record highs, ends flat; IT stocks outperform

For the year so far, FIIs have net bought shares worth Rs 1.27 lakh crore, while DIIs have bought shares worth Rs 2.41 lakh crore.

Market view

At close, the Sensex was down 34.74 points or 0.04 percent at 79,441.45, and the Nifty was down 18.10 points or 0.07 percent at 24,123.85.

Top Nifty gainers were L&T, Wipro, Infosys, HDFC Bank and TCS, while losers were Shriram Finance, Bharti Airtel, Kotak Mahindra Bank, Tata Motors and IndusInd Bank.

On the sectoral front, capital goods, Information Technology, realty and oil and gas rose, while bank, auto, FMCG, power were down.

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Ajit Mishra – SVP, Research, Religare Broking noted that currently, the index is consolidating with a positive bias, and this trend is expected to continue. If there is any decline, the Nifty has support around the 23,800-24,000 zone. Amid these conditions, traders should focus on selecting quality stocks and use this phase to accumulate them.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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