FII and DII Trading Activity | FIIs sell ₹549.37 crore, DIIs buy ₹595.70 crore

FII and DII Trading Activity: Foreign Institutional Investors (FIIs) sold shares of Indian companies worth ₹8,291.34 crore and purchased stocks valued at ₹7,741.97 crore on Monday, resulting in a net outflow of ₹549.37 crore, according to NSE data. This follows FIIs offloading stocks worth ₹12.43 crore on the preceding Friday.

FII and DII Trading Activity in Cash Segment

Indian stock indices extended their gains for the third consecutive session on Monday, closing nearly 1% higher, driven by advances in IT, private banking, and equity stocks.

On the other hand, Domestic Institutional Investors (DIIs) bought stocks worth ₹8,311.28 crore and offloaded shares worth ₹7,715.58 crore, leading to a net inflow of ₹595.70 crore, as per exchange data.

The 30-share BSE Sensex climbed 594.91 points, or 0.92%, closing at 64,958.69 points. It surged by 628.76 points, or 0.97%, to reach 64,992.54 points during the trading session. The Nifty on the National Stock Exchange rose by 181.15 points, or 0.94%, closing at 19,411.75 points.

Over the three sessions leading up to Monday, the Sensex recorded a gain of approximately 1,367 points, and the Nifty gained 422 points, pushing it above the 19,400 level.

In the broader market, the BSE smallcap index rose by 1%, while the midcap index rallied by 0.90%.

Among the sectoral indices, capital goods increased by 1.68%, metals by 1.64%, industrials by 1.42%, utilities by 1.39%, commodities by 1.38%, oil and gas by 1.33%, energy by 1.27%, property by 1.19%, bankex by 0.74%, and auto by 0.65%.

The Indian rupee appreciated by 7% against the US dollar on Monday, in line with the upward movement in Asian currencies, following a decline in US Treasury yields. The local currency opened at 83.17 and touched a low of 83.24 against the greenback in the interbank foreign exchange market.

This movement in global currencies was influenced by the drop in US Treasury yields and the weakening of the US dollar, triggered by Friday’s data indicating a cooling labor market in the United States, raising hopes of a more accommodative stance from the Federal Reserve.

Furthermore, the Reserve Bank of India reported that India’s foreign exchange reserves increased by $2.579 billion, reaching $586.111 billion in the week ending on October 27.