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News Topical, Digital Desk : The domestic stock market has seen a great boom in the first session of the trading week. This is also being confirmed by the figures of institutional investors after the market closed. On Monday, 18 August, FIIs not only bought in the cash segment, but also saw great buying figures in futures and options. In fact, PM Modi had announced the biggest change in GST from the ramparts of the Red Fort on 15 August (Friday). This will be the biggest change after the implementation of GST on 1 July 2017.
The government is insisting on reducing GST rates on many things. Apart from this, the number of slabs of GST rates will be reduced to only two. This will reduce the indirect tax imposed on a large number of goods. In such a situation, it will have a direct impact on many sectors, in which buying was also seen in auto and consumption related stocks on Monday.
DIIs figures on August 18: On Monday, domestic institutional investors bought shares worth Rs 18,649.74 crore in the cash segment. On the other hand, they also saw selling of Rs 14,545.93 crore. In this way, DIIs have made a net purchase of Rs 4,403.81 crore in the cash segment on this day.
FIIs figures on August 18: On this day, foreign institutional investors have bought shares worth Rs 20,070.25 crore in the cash segment. On the other hand, shares worth Rs 19,519.40 crore have been sold. On this day, domestic institutional investors have made a net purchase of Rs 550.85 crore in the cash segment. Apart from this, if we talk about the derivative segment, then on this day, FIIs have seen buying in index futures and index options. Apart from this, buying has also been seen in stock futures.
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