On October 1, 2024, Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) exhibited divergent trading behaviors in the Indian stock market. DIIs continued their buying spree, purchasing shares worth ₹4,610 crore, while FIIs maintained their selling streak, offloading shares worth ₹5,579 crore. This significant data was confirmed through provisional reports by the National Stock Exchange (NSE).
Year-to-Date Activity of DIIs and FIIs
So far in 2024, the trend for both institutions has been consistent with DIIs being net buyers, accumulating ₹4.23 lakh crore worth of shares. In contrast, FIIs have been net sellers, with their total sell-off amounting to ₹1.45 lakh crore. This stark difference highlights the contrasting outlooks between domestic and foreign investors, with the former showing more confidence in the Indian markets while the latter continues to withdraw funds.
Sector-Wise Analysis: Buying and Selling Patterns
During the session, sector-wise movements revealed that DIIs showed keen interest in specific sectors. Major buying activity was seen in media, auto, and IT sectors, indicating a positive sentiment toward these industries. On the flip side, significant selling pressure was observed in the telecom, power, FMCG, Oil & Gas, and realty sectors, driven by concerns over regulatory changes, profitability, and global market dynamics.
Stock Market Performance: Key Gainers and Losers
The overall market witnessed a mixed day. The Sensex closed down by 33.49 points (0.04%) at 84,266.29, and the Nifty slipped by 13.95 points (0.05%) to settle at 25,796.90. While the indices marginally declined, several individual stocks outperformed. Tech Mahindra, M&M, Britannia Industries, Adani Enterprises, and Infosys emerged as top gainers, buoyed by sectoral strength and positive earnings outlooks.
However, major losers included IndusInd Bank, ONGC, Asian Paints, Bajaj Auto, and Titan Company, which faced investor selling pressure due to various factors ranging from sectoral underperformance to profit-booking ahead of key market events.
Market Insights and Expert Opinion
Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, provided a deeper perspective on the day's events. He noted the upward momentum in exchange-related stocks, attributing this to the lack of announcements regarding Futures & Options (F&O) tightening measures in the regulatory meeting. According to Khemka, the market is likely to consolidate in the near term, with stock-specific actions playing a more significant role as the earnings season approaches. Investors will also be closely monitoring upcoming data, such as the U.S. Job Jolts and manufacturing data, which are expected to influence market direction globally.
Conclusion: A Market in Transition
As global factors like U.S. economic data and geopolitical risks, coupled with domestic earnings reports, dominate the financial landscape, the Indian market is in a state of cautious optimism. The significant buy-sell divide between DIIs and FIIs signals the confidence domestic investors have in the market despite external challenges.
Garuda Construction and Engineering Ipo Gmp
HVAX Technologies Ipo Allotment
khyati global ventures limited ipo gmp
NeoPolitanPizza and Food Ipo Gmp
No comments:
Post a Comment