Foreign Institutional Investors (FIIS) was Net Buyers on 4 February after the net selling of 23 consecutive trading sessions. During this, FIIS made a net purchasing of a total of Rs 809 crore. This is the first time since January 2, when Foreign Institutional Investors were Net Buyers. Foreign investors made a net purchase of Rs 1,507 crore on 4 February. Meanwhile, the process of purchase of shares continued by Domestic Institutional Investors (DIIS) and they bought shares worth Rs 431 crore.
During the trading session on February 4 in the stock market, DIIS bought shares worth Rs 15,003 crore, while selling shares worth Rs 15,433 crore. In addition, FIIS purchased shares worth Rs 18,106 crore, while selling shares worth Rs 17,297 crore.
Foreign Institutional Investors have sold shares worth Rs 91,760 crore so far this year, while domestic institutional investors have been sales of net purchases of Rs 89,690 crore.
Market condition
The BSE Sensex closed at 78,583.81 on 4 February with an increase of 1.81 % i.e. 1,397.07 points, while the Nifty closed 1.6 % i.e. 378.20 points at 23,739.25. The head of Prime Research in HDFC Securities said, “The main reason for the boom in the stock market is currently to be banned by the US on Canada and Mexico.”