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News Topical, Digital Desk : On Friday, August 1, foreign institutional investors (FIIs) have again made net sales in the Indian stock market, while domestic institutional investors (DIIs) continued their support with net purchases. On Friday, FIIs have made a net sale of an estimated Rs 3366.40 crore in the cash segment. On the other hand, domestic institutional investors (DIIs) have made net purchases of about Rs 3186.86 crore in the cash market on the same day.
According to data from the National Stock Exchange (NSE), on the last day of the week, FIIs bought shares worth Rs 9379.46 crore while selling shares worth Rs 12745.86 crore, taking the net selling to Rs 3,366.40 crore. On Friday, DIIs bought shares worth Rs 14990.14 crore and sold shares worth Rs 11,803.28 crore in the stock market, taking the total purchase to Rs 3,186.86 crore.
How was the market ? On Friday, August 1, the Indian stock market closed with a decline. The Sensex fell 586 points to close at 80,600 and the Nifty fell 203 points to close at 24,565. This was the fifth consecutive week when the market registered a decline. More than 35 stocks of Nifty 50 remained in the red by the end of the week. Adani Enterprises, Kotak Mahindra Bank, Wipro, Tata Motors and Tata Steel were the top losers. Hindustan Unilever, Jio Financial, Larsen & Toubro, Asian Paints, Trent and Hero MotoCorp were among the top gainers. The reasons for this decline were global weakness, continuous selling by FIIs and concerns in some sectors.
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