On October 31, the stock market experienced notable activity as Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) exhibited contrasting trading behaviors.
Institutional Trading Activity
- Foreign Institutional Investors (FIIs):
- Net Sales: Sold shares worth ₹5,813 crore on October 31.
- Year-to-Date Performance: Have net sold shares totaling ₹2.53 lakh crore in 2024.
- Domestic Institutional Investors (DIIs):
- Net Purchases: Acquired shares worth ₹3,514 crore on the same day.
- Year-to-Date Performance: Have net bought shares amounting to ₹5.25 lakh crore in 2024.
Trading Session Highlights
- During the trading session:
- DIIs purchased shares valued at ₹13,000 crore and sold shares worth ₹9,486 crore.
- FIIs bought shares worth ₹16,633 crore but offloaded ₹22,447 crore.
Market Index Performance
- Sensex: Closed down by 553.12 points (0.69%) at 79,389.06.
- Nifty: Closed down by 135.50 points (0.56%) at 24,205.35.
Notable Stock Performers
- Biggest Nifty Losers: Tech Mahindra, HCL Technologies, Infosys, TCS, and Wipro.
- Biggest Gainers: Cipla, L&T, Dr. Reddy’s Labs, Hero MotoCorp, and ONGC.
Market Sentiment
Deepak Jasani, Head of Retail Research at HDFC Securities, noted that cash market volumes have remained stable in recent days, indicating a lack of strong conviction among market participants. Additionally, global markets have shown a decline as investors approach the upcoming U.S. elections with caution. Concerns have been raised following warnings from companies like Meta Platforms and Microsoft regarding rising costs related to artificial intelligence. Meanwhile, European markets are expected to record their worst monthly performance in a year.
Disclaimer
The views and investment advice expressed by experts on Moneycontrol.com reflect their opinions and do not necessarily represent the platform’s management. Users are encouraged to consult certified experts before making investment decisions.
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