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FII-DII Inflow: Foreign investors continued to pour money into the Indian stock market for the 11th consecutive day on Thursday. According to the data available on the exchange, Foreign Institutional Investors (FII) made net purchases of Rs 837 crore today. However, domestic institutional investors (DIIs), on the other hand, were net buyers in the market today and pulled in around Rs 200 crore. Due to this, the Sensex and Nifty saw a narrow range of trading today and both closed with a slight decline at the end of the business.
According to National Stock Exchange (NSE) data, foreign institutional investors (FIIs) bought shares worth about Rs 7,950.84 crore on Thursday. While he has sold shares worth Rs 7,113.63 crore. In this way, he has bought shares worth about Rs 837.21 on a net basis.
On the other hand, Domestic Institutional Investors (DIIs) bought shares worth about Rs 7,026.38 crore in the market today. And sold about Rs 7,226.47. In this way, he has net sold Rs 200.09 crore in the Indian stock market today. FIIs have been net buyers in the Indian stock market continuously since April 26. On the other hand, the performance of domestic investors has been mixed.
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Meanwhile, the 30-share Sensex closed at 61,904.52, down 35.68 points, or 0.06 per cent, on Thursday. It had crossed the 62,000 mark at one point of time during trading. It went as high as 61,823.07 and came as low as 62,168.22.
Vinod Nair, Head of Research, Geojit Financial Services, said, “Weak quarterly results of some leading companies have affected the sentiment in the domestic market.” “A weak trend in other Asian markets also weighed on sentiment. It ended with minor losses amid selling in metal and capital goods stocks. Investors may take a back seat after the recent rally,” he added. Adopting a ‘watch and wait’ policy.
Nair said that there has been some positive trend at the global level with the inflation rate in the US coming down to below 5 per cent. This indicated that the steps taken by the US central bank Federal Reserve to contain rising inflation have been effective. ”Investors are also waiting for inflation data to be released on Friday.
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