FII’s to offload ₹495 Cr in Indian Equities; Check out further details

Foreign institutional investors (FIIs) has consistently continued their selling streak on Wednesday i.e. August 30th, as domestics benchmark indices settled flat a day ahead of crucial macro data in the midst of largely weak global cues.

The domestic institutional investors (DIIs) were net buyers again and invested ₹1,323 crore during this particular session. As per the NSE data, FIIs on a total bought ₹10,211.33 crore of Indian equities, while they sold ₹10,706.01 crore that resulted in an outflow of ₹494.68 crore. Domestic equity benchmarks Sensex and Nifty closed flat on Wednesday, August 30, it was led by losses in the banking and financial elite sectors in the midst of weak global cues as investors remained careful ahead of key macroeconomic numbers in India and US. Usually most of the European stocks were trading in the negative territory while Asian shares ended the day on a really mixed note. “The investors should remember that sentiments are transient and the medium to long-term trajectory of the market will be driven by economic growth and corporate earnings. So watch out for the big data,’’ informed Dr. V K Vijayakumar.

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The market all seemed to witness a sudden fag-end selling which negated almost all its gains. Sensex closed at 65,087.25, up 11 points while the Nifty50 settled at 19,347.45, up 5 points.