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FIIs invest ₹164 crore in Indian equities, DIIs infuse ₹1,938 crore as Sensex, Nifty scale lifetime highs


Foreign institutional investors (FIIs) have shifted gears and invested in Indian equities for the second straight session on Friday, September 15, after domestic equity benchmarks Sensex and Nifty scaled to lifetime highs. The domestic institutional investors (DIIs) were also net buyers and infused 1,938.57 crore in Indian stocks today.

As per the NSE data, FIIs cumulatively bought 9,870 crore of Indian equities, while they sold 9,575.31 crore — resulting in an inflow of 294.69 crore. Meanwhile, DIIs infused 6,943.14 crore and offloaded 6,993.94 crore, registering an outflow of 50.80 crore.

On Friday, domestic equity benchmarks Sensex and Nifty climbed to fresh lifetime highs, propelled by a rally in global markets and renewed foreign capital inflows. Sensex closed at 67,838.63, up 320 points, or 0.47 per cent, while the Nifty settled at 20,192.35, rising 89 points, or 0.44 per cent. 

Both indices ended at their fresh closing highs. The Sensex rose for the eleventh straight session, adding 4.64 per cent over the period, logging its longest series of daily gains since October 3, 2007. On the weekly front, the BSE benchmark jumped 1,239.72 points or 1.86 per cent, and the Nifty climbed 372.4 points or 1.87 per cent.

Besides, buying in telecom, auto and tech stocks also helped markets to settle with gains, said traders. Auto stocks climbed 1.58 per cent to a record high, powered by a 5.9 per cent jump in Bajaj Auto after BofA Global Research upgraded the stock to “buy” from “neutral”. The high-weightage IT index rose 0.94 per cent, helped by rising expectations of a rate hike pause from the US Federal Reserve next week.



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Updated: 15 Sep 2023, 08:50 PM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.