Foreign institutional investors continued their selling spree in Indian equities on May 10, with net sales amounting to Rs 2,117.50 crore. Conversely, domestic institutional investors displayed a contrasting trend by purchasing equities worth Rs 2,709.81 crore.
Provisional data from the exchanges revealed that FIIs engaged in buying equities worth Rs 11,603.33 crore and selling equities worth Rs 13,720.83 crore. Meanwhile, DIIs accumulated shares worth Rs 10,677.79 crore but divested shares worth Rs 7,967.98 crore during the session.
On May 10, India’s benchmark Sensex surged by over 260 points, while the Nifty closed above the 22,000 mark, mirroring the positive momentum in global equity markets.
Nifty Metal emerged as the top gainer, rising by 1.5%, followed by FMCG, Auto, and Pharma sectors, each registering gains of 1%. Conversely, Nifty IT led the losses with a decline of 0.8%, while Nifty Realty and Nifty PSU Bank slipped by 0.4% and 0.3%, respectively.
In the current year, FIIs have offloaded equities worth Rs 109,223.81 crore, whereas DIIs have purchased equities worth Rs 172,030.81 crore. Notably, Nifty has advanced by 20.54%, while Sensex has risen by 17.45% year-to-date.
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