FIIs Surge as Marketclimbs; Indices Extend Gains as Institutional Investors Net Buy Shares
Indian stock markets extended their upward trajectory on July 10, with both foreign and domestic institutional investors recording net buying for the day. This positive momentum followed a brief period of selling in the previous session, setting a bullish tone despite persistent global uncertainties.Provisional data from the exchanges showed that Foreign Institutional Investors (FIIs) remained strong buyers, investing Rs 2,603.72 crore into Indian equities. Concurrently, Domestic Institutional Investors (DIIs) added robust support to the market, recording a net inflow of Rs 2,019.68 crore during the trading session.
FII and DII Performance Details
FII activity on July 10 involved substantial purchasing power, as they bought shares worth Rs 15,318.07 crore while selling equities amounting to Rs 12,714.35 crore. This differential resulted in their net inflow of Rs 2,603.72 crore for the day.DIIs demonstrated commitment to domestic stocks, purchasing shares worth Rs 17,171.75 crore and selling shares totaling Rs 15,152.07 crore. The resulting net investment by DIIs stands at Rs 2,019.68 crore for the session.
Looking at the cumulative performance since the start of July, FIIs have turned into net buyers, investing a total of Rs 1,968.81 crore. Domestic investors have shown sustained support for the market, with cumulative net purchases reaching Rs 9,245.91 crore.
Benchmark Indices Extend Gains Amid Sectoral Strength
Indian benchmark indices finished higher on July 10, securing their second consecutive day of gains. The rally was primarily driven by strength observed across financial, IT, and auto sectors, reinforcing positive sentiment in the markets.The BSE Sensex closed at 77,952.58, marking a gain of 1,021.49 points or 1.33%. Meanwhile, the NSE Nifty 50 settled at 24,318.35, rising by 313.95 points, which represents a 1.31% increase for the day.
Investor Outlook and Future Catalysts
Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, pointed to the upcoming June-quarter earnings season as the key near-term catalyst for investors. The focus across the market is shifting towards these corporate results.The sustained sentiment is also being supported by stable crude oil prices and a steady rupee valuation. Resilient domestic macroeconomic indicators are expected to underpin market stability. Stock and sector specific action is anticipated to gather pace as companies begin reporting their quarterly performance data.
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