Foreign investors sold ₹2,961 crore of Indian equities on Tuesday, while domestic institutions bought ₹5,089 crore as the Sensex and Nifty gained for a second straight session. FII selling moderated from Monday’s levels. Markets stayed positive as crude oil prices fell, helping BSE-listed companies add nearly ₹6 lakh crore in value.
Foreign investors sold ₹2,961 crore of Indian equities on Tuesday, while domestic institutions bought ₹5,089 crore as the Sensex and Nifty gained for a second straight session.
Foreign institutional investors (FIIs) were net sellers of ₹2,961.30 crore in Indian equities on Tuesday on a provisional basis, while domestic institutional investors (DIIs) bought ₹5,088.92 crore, according to exchange data.
FII selling moderated from ₹4,699.14 crore on Monday, while DII buying remained strong after domestic institutions bought ₹5,181.62 crore in the previous session.
FIIs bought equities worth ₹11,258.72 crore and sold shares worth ₹14,220.02 crore on Tuesday. DIIs, meanwhile, bought shares worth ₹20,146.40 crore and sold ₹15,057.48 crore.
Stocks extend gains for second session
Indian equity benchmarks extended their gains for a second straight session on Tuesday, with the Nifty rising 220 points to 22,776 and the Sensex gaining 685 points to 73,068.
The Nifty Bank rose 414 points to 55,128, while the Midcap index gained 638 points to 59,761.
Falling crude oil prices, with Brent slipping back below $100 a barrel, supported sentiment. Quarterly business updates were largely in line with expectations, while market breadth remained firmly positive, with two stocks advancing for every one that declined.
BSE-listed companies added nearly ₹6 lakh crore in market capitalisation over the two sessions.
Reliance Industries was among the stocks attracting buying interest and contributed around 60 points to the Nifty's gains.
Trent jumps 12%, IT stocks remain under pressure
Trent was the top Nifty gainer, rising 12% after reporting better-than-expected quarterly growth. The FMCG basket gained more than 1%, with most companies reporting healthy quarterly updates.
IT stocks remained a drag, with the sectoral index falling nearly 1%.
Hospital stocks also remained under pressure ahead of a Supreme Court hearing, with Max Healthcare emerging as the top loser.
Capital market stocks continued to attract buying interest, with BSE rising 4%. Kotak Mahindra Bank gained 4% following strong quarterly updates.
Most air-conditioner companies rose on expectations of strong demand, with PG Electroplast gaining 8%.
PB Fintech rose 6% after the Insurance Brokers Association wrote to the Prime Minister regarding an IRDAI consultation paper.