19 stocks from the BSE 500 index registered all-time highs during Wednesday's intra-day trading session, according to reports from Business Standard. The notable achievers included Adani Ports and Special Economic Zone, Marico, Ather Energy, Laurus Labs, Piramal Finance, Solar Industries, Ajanta Pharma, and 12 other companies. Additional stocks reaching 52-week highs included ACME Solar, Aegis Logistics, Granules India, Minda Corp, Welspun Corp, Krishna Institute of Medical Sciences (KIMS), and Acutas Chemical. As reported by Business Standard, this represents a significant milestone for these companies' stock performance.
Foreign Institutional Investors (FIIs) turned net buyers on Friday, purchasing shares worth ₹1,355.33 crore and ending their four-session selling streak, according to provisional exchange data from CNBC TV18. This marked a significant reversal from Thursday's outflow of ₹311.82 crore and the previous three sessions of selling that began on Tuesday with ₹2,557 crore outflow. For the week, FIIs remained net sellers, pulling out ₹4,004.09 crore cumulatively over five trading sessions. The Friday session saw FIIs buy shares worth ₹13,337.33 crore and sell equities worth ₹11,982 crore, resulting in the net inflow.
Domestic Institutional Investors (DIIs) turned net sellers on Friday for the first time in two weeks, offloading equities worth ₹1,953.89 crore, as reported by CNBC TV18. This marked a significant shift from their supportive role in the previous session when they recorded net purchases of ₹1,784.40 crore on Thursday. For the week, DIIs remained net buyers with cumulative inflows of ₹10,649.20 crore, despite Friday's outflow. The Friday session saw DIIs purchase shares worth ₹18,676.35 crore but sell ₹20,630.24 crore worth of equities, leading to the net outflow. This was the first instance of DIIs turning net sellers since June 19, when they had offloaded equities worth ₹1,159.64 crore.
Benchmark indices extended their winning streak to a third consecutive session on Friday, with the BSE Sensex rising 262 points to close at 77,764 and the NSE Nifty 50 gaining 95 points to end at 24,271, according to CNBC TV18. However, the broader market underperformed with the Nifty Midcap Index falling 118 points to 62,190 and the Nifty Bank declining 93 points to 57,939. The NSE advance-decline ratio stood at 1:1, indicating neutral market breadth. The change in institutional flows came as the market continued its upward momentum, with the reversal in FII flows providing additional support after four consecutive sessions of foreign selling pressure.
