DIIs Brace Market as FIIs Net Sell ₹1,350 Crore: Sensex and Nifty Dip Amid Profit Booking
Domestic institutional investors (DIIs) provided a vital buffer to the market on June 29, emerging as net buyers despite foreign institutional investors (FIIs/FPIs) continuing their trend of selling. Provisional exchange data shows FIIs offloaded equities worth ₹1,350.10 crore during the session. Conversely, DIIs demonstrated resilience, registering a significant net buying figure of ₹2,801.45 crore, supporting broader market sentiment which concluded with declines across both major benchmarks.Institutional Flows Show Mixed Picture
The data reveals a clear divergence in institutional activity for the day. FIIs attempted to purchase shares totaling ₹24,754.26 crore but registered sales of ₹26,104.36 crore. In contrast, DIIs invested heavily, purchasing shares worth ₹55,273.85 crore and selling equities amounting to ₹52,472.40 crore.Looking at the year-to-date (YTD) trend, the sentiment remains polarized. FIIs have been net sellers of approximately ₹3.47 lakh crore in shares since the beginning of the year. In contrast, DIIs have emerged as staunch net buyers, accumulating shares worth roughly ₹4.60 lakh crore YTD.
Market Indices Close Lower Amid Cautious Sentiment
The Indian benchmark indices concluded the session with losses, reflecting continued profit booking across several heavyweight sectors and underlying market weakness prior to expiry. The trading day started on a subdued note, with initial buying efforts gradually eroded by persistent selling pressure witnessed throughout the broader markets.NIFTY 50 finished at 23,946.25, registering a decline of 109.75 points or 0.46%. Similarly, the Sensex fell 372.10 points or 0.48% to settle at 76,728.37.
Despite some pockets witnessing selective buying, the overall market tone remained cautious for investors. The indices were observed awaiting stronger domestic and global triggers before committing further capital.
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