FIIs trades shares at Rs 6,995 cr, while DIIs purchases shares worth Rs 5,643 cr

The market had a broad downturn, with the midcap index plunging 1,000 points and frontline indices down 1-2 percent.

By Sneha Sengupta On May 9, 2024

On May 9, foreign institutional investors sold shares worth a total of Rs 6,994.86 crore, continuing their trend of dumping Indian stocks. However, during the day, domestic institutional investors purchased stocks totaling Rs 5,642.53 crore.

FIIs purchased shares valued at Rs 11,353.03 crore and sold shares valued at Rs 18,347.89 crore, according to preliminary data from the exchanges. During the session, DIIs purchased shares valued at Rs 16,351.32 crore and sold shares valued at Rs 10,708.79 crore.

The midcap group continued to be weak, favoring reductions in market breadth.

Auto stocks, especially two-wheelers, shone out in a dismal session despite the general slump. Nevertheless, the market reacted negatively to Tata Power and UBL’s Q4 results, with each company declining by 5%.

Every sector fell, with the exception of Nifty Auto. While the Nifty Metal and FMCG indexes declined by 2.5 and 2.9 percent, respectively, the Nifty Oil & Gas index plummeted by 3.2 percent. Both the Realty and Nifty Pharma indices dropped by two percent. Nifty Auto increased by 0.8 percent among gainers.