Overseas investors remained net sellers of Indian equities for the 36th consecutive session on Monday, while domestic institutional investors stayed net buyers.
Foreign portfolio investors sold stocks worth Rs 3,411.73 crore, according to provisional data shared by the National Stock Exchange. The domestic institutional investors mopped up stocks worth approximately Rs 2,783.89 crore.
In the last five sessions, the FPIs have sold equities worth Rs 12,191.89 crore, whereas the DIIs have purchased shares worth Rs 15,595.96 crore.
In October, the FPIs sold stocks worth Rs 1.14 lakh crore, while the DIIs mopped up stocks worth Rs 1.07 lakh crore. In September, the FPIs had bought stocks valued at Rs 15,423.4 crore, while the DIIs purchased stocks worth Rs 31,860.3 crore.
Foreign institutions have been net sellers of Rs 19,349 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.
The Indian equity benchmarks gave up most gains in the last leg of the trade as risk–off sentiment rose, after Ukraine carried out strikes deep inside Russia with western non–nuclear missiles. The risk sentiment was affected on concerns that Ukraine's strike with western weapons may lead to nuclear response by Russia, the Guardian reported citing Tass.
The Nifty 50 ended 64.70 points, or 0.28% higher at 23,518.50. The Sensex ended up 239.38 points, or 0.31% at 77,578.38.
Broader indices outperformed. Both BSE Midcap and BSE Smallcap closed 0.9% higher.
Three of the 21 sectoral indices on the BSE fell and 18 ended in the green. BSE Realty rose the most
Shares of HDFC Bank Ltd., Mahindra & Mahindra Ltd., Infosys Ltd., Sun Pharmaceutical Industries Ltd., and Tata Consultancy Services Ltd. positively contributed to changes in the Nifty 50.
While those of Reliance Industries Ltd., ICICI Bank Ltd., State Bank of India, Larsen & Toubro Ltd., and Bharti Airtel Ltd. limited gains.
On NSE, eight out of 12 sectors ended higher, and four declined. The NSE Metal declined the most, and the NSE Nifty Media rose the most.
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