1 week ago
Institutional Buying Continues as Indian Market Falls for Seventh Day
Foreign and Indian investment groups bought more shares than they sold on Wednesday.
Indian investment groups did most of the buying.
Together, the two groups bought ₹4,381.71 crore more shares than they sold.
However, the overall stock market still fell.
This was the market’s seventh losing day in a row.
The Nifty stayed above 24,000, but most of its companies ended lower.
Technology stocks lost their early gains after CLSA downgraded several large companies.
The rupee also weakened slightly against the dollar.
FIIs were net buyers of ₹407.99 crore and DIIs bought ₹3,973.72 crore on Wednesday, according to provisional data.
Combined FII and DII net buying reached ₹4,381.71 crore, extending the buying trend for a second consecutive session.
The Sensex fell 326 points to 76,910, while the Nifty declined 77 points to 24,078.
The market’s losing streak reached seven sessions, although the Nifty remained above 24,000 and 34 of its 50 constituents declined.
The rupee closed at 95.75 per dollar, compared with Tuesday’s close of 95.68 per dollar.
- Who
- Foreign institutional investors, domestic institutional investors, and participants in the Indian equity market.
- What
- Institutional investors remained net buyers while Indian benchmark indices declined for a seventh straight session.
- Where
- Indian equity markets.
- When
- Wednesday, August 19; the comparison session was Tuesday.
- Why
- The articles report continued institutional buying, while stocks weakened amid declines in IT, capital goods, defence, and other sectors; CLSA downgrades affected large-cap IT stocks.
Key facts
- FII net buying
- ₹407.99 crore on Wednesday
- DII net buying
- ₹3,973.72 crore on Wednesday
- Combined institutional buying
- ₹4,381.71 crore on Wednesday
- Sensex close
- 76,910, down 326 points
- Nifty close
- 24,078, down 77 points
- Market losing streak
- Seven consecutive sessions
- Rupee close
- 95.75 per dollar, versus 95.68 on Tuesday
Sources
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