Domestic Institutional Investors (DIIs) extended their buying streak to 21 consecutive sessions on Tuesday, more than doubling their net purchases to ₹1,350 crore from ₹566.76 crore in the previous session. As reported by CNBC TV18, DIIs bought equities worth ₹14,678.53 crore and sold shares worth ₹13,328.89 crore, representing a significant increase of ₹782.88 crore from Monday's purchases. Meanwhile, Foreign Institutional Investors (FIIs) turned net sellers after their brief buying spell, purchasing equities worth ₹11,704.84 crore and selling shares worth ₹11,828.03 crore, resulting in net selling of ₹123.19 crore. This marked a sharp reversal from Monday's ₹280.13 crore net buying, highlighting the volatile nature of foreign investment flows.
Indian benchmark indices ended sharply lower on Tuesday, extending their losses on weekly expiry day with the Nifty falling below the 23,700 mark to close at 23,635, marking its lowest closing level in three months. As reported by CNBC TV18, the Sensex declined 555 points to 75,778, while the Nifty Bank index fell 311 points to 56,778. The midcap index bucked the broader trend, gaining 130 points to close at 62,916, with market breadth remaining weak as the advance-decline ratio stood at 4:5. IT stocks remained under pressure amid expectations of a US Federal Reserve rate hike, with Wipro emerging as the sector's top loser.
Defence stocks saw significant buying after the Defence Acquisition Council approved new procurement proposals, with Hindustan Aeronautics surging 4%. GE Vernova T&D India gained 9% after emerging as the lowest bidder for a Power Grid order. In the pharmaceutical sector, Divi's Laboratories, Piramal Pharma and Laurus Labs advanced 3%-4% among midcap stocks. Bosch extended its gains from Monday, rising another 2% and taking its two-day gain to around 4%. Among individual stocks, Raymond surged 11% ahead of its board meeting on fundraising, while Sansera Engineering gained 3% following a positive brokerage note. On the downside, Maithan Alloys, IFCI and IDBI Bank saw profit booking, declining 4%-10%.
Among individual stocks, KEI Industries ended slightly lower, tracking copper prices, while Bosch extended its gains from Monday, rising another 2% and taking its two-day gain to around 4%. Polycab India also moved higher, with Raymond surging 11% ahead of its board meeting on fundraising. Sansera Engineering gained 3% following a positive brokerage note. In the smallcap segment, PC Jeweller, Rishabh Instruments, Hikal and CarTrade Tech were among the top gainers. Earlier, HAL gained nearly 3% following an update on the delivery of GE Aerospace engines, while HEG rose 3%, with Friday being the last date to be eligible to own shares in the demerged entities.
