FIIs sell ₹1,857 crore of Indian shares, DIIs buy ₹2,670 crore as market ends lower
Foreign investors extended their selling streak for a second session, while domestic institutions continued buying. The Sensex fell 252 points and the Nifty closed below 22,700.
Foreign institutional investors sold Indian equities worth ₹1,857.44 crore on Wednesday, October 14, while domestic institutional investors bought shares worth ₹2,670.44 crore, according to exchange data.FIIs bought shares worth ₹16,381.85 crore and sold equities worth ₹18,239.29 crore during the session. DIIs purchased shares worth ₹17,428.61 crore and sold equities worth ₹14,758.17 crore.The latest figures follow Tuesday's trend, when FIIs were net sellers of ₹1,305.13 crore and DIIs were net buyers of ₹2,439.24 crore. This resulted in net institutional buying of ₹1,134.11 crore on Tuesday.Sensex falls 252 points, Nifty closes below 22,700Indian equity markets ended lower on Wednesday.
The Sensex fell 252 points to 72,782, while the Nifty declined 99 points to 22,623, failing to hold above the 22,700 mark.The Nifty Bank dropped 165 points to 55,316, while the midcap index fell 50 points to 59,409. Banking stocks came under pressure after two consecutive sessions of gains.The Nifty IT index, however, rose for a second straight session and outperformed the major indices.Market breadth remained positive, with the advance-decline ratio at 3:2, meaning more stocks advanced than declined. The rupee strengthened against the US dollar for a third consecutive session, closing at 95.15 per dollar.Transformers and Rectifiers, Vedanta Power among gainersAmong individual stocks, Transformers and Rectifiers surged 19% after reporting strong second-quarter results, while BHEL gained nearly 5% following its Q2 results.Aegis Logistics rose nearly 8% after signing an agreement to acquire a majority stake in Tristar.
Vedanta Power gained more than 11% as Vedanta Group stocks rallied.On the losing side, Shriram Finance fell nearly 5% amid profit booking, while Meesho declined more than 5% as traders booked profits following optimism around its mega blockbuster sale.Bank of Baroda dropped nearly 3% after NMC Health's founder named the bank in a $15 billion lawsuit. GTPL Hathway fell 4% after reporting a net loss for the September quarter.Life insurance stocks remained under pressure amid reports concerning proposed norms in an IRDAI consultation paper. Bharat Coking Coal, meanwhile, surged 8% after raising coking coal prices.Also Read: FIIs sell ₹1,305 crore of Indian shares as domestic investors buy ₹2,439 crore
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