FIIs/FPI Selling: Foreign investors continue selling, sold shares worth so many crores on Thursday

News Topical, Digital Desk : Foreign institutional investors are continuing to sell shares in the domestic stock market. At the same time, domestic institutional investors are continuously buying shares in the cash segment. According to data from the National Stock Exchange (NSE), on September 11, foreign institutional investors (FIIs/FPIs) sold shares worth Rs 3,472 crore in the Indian stock market, while domestic institutional investors (DIIs) bought shares worth Rs 4,046 crore.

In this trading session, DIIs bought shares worth Rs 14,831 crore and sold shares worth Rs 10,786 crore. On the other hand, FIIs/FPIs bought shares worth Rs 10,009 crore, but sold shares worth Rs 13,481 crore. So far this year, FIIs have sold shares worth Rs 2.19 lakh crore, while DIIs have made net purchases of Rs 5.35 crore. 

How was the market trading on Thursday? Amrita Shinde, Technical and Derivative Analyst, Choice Broking, said that the Nifty index gained for the seventh consecutive session on Thursday. The Sensex rose 123 points to close at 81,549 and the Nifty closed 32 points higher at 25,006. This gain was supported by buying in energy, PSU bank, oil and gas, media and pharma sector stocks. Whereas, there was selling pressure in IT and auto stocks. BSE Midcap and Smallcap indices remained almost stable. This shows that apart from big stocks, there was selective interest in other stocks. Shinde said that the highest gains were seen in oil and gas, PSU banks and energy sectors. The pharma sector rose for the third consecutive day. At the same time, the IT sector fell by 0.5%, as there was profit booking in stocks like Infosys and Wipro. Auto and consumer durables sectors also remained weak. 

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