Foreign institutional investors (FIIs) were net sellers of Indian equities this week ended Friday (October 24-29), in sharp contrast to their position in the first week this month when they were net buyers. The selling spree coincided by the turbulence at the Tata Group that saw bluechip Tata stocks such as Tata Motors, Tata Steel losing on the exchanges after the abrupt removal of Cyrus Mistry as Tata Sons chairman on Monday.
FIIs were net sellers on all days during the week and ended up selling Rs 3,655 crore on a net basis in the cash segment. On Friday, they sold Rs 777 crore worth of Indian equities on a net basis, according to provisional data released by the National Stock Exchange (NSE).
In sharp contrast, domestic institutional investors (DIIs) were net buyers of Indian stocks worth Rs 1,124 crore, according to the NSE data.
The BSE Sensex closed 25 points higher at 27,941, while the NSE gained 22 points to end at 8,638, on Friday. Top index gainers were Tata Motors, Bajaj Auto, Coal India and Tata Steel.
Muhurat trading
The exchanges would be having a special trading session (muhurat trading) on Sunday (October 30) from 6.30 pm to 7.30 pm, to herald Samvat 2073.
Last year's muhurat trading (Samvat 2072) on November 11 saw the BSE Sensex gaining 124 points to close at 25,866, while the NSE Nifty ended at 7,825, up 42 points.
