Indian equities ended marginally higher on Thursday in a choppy session.
Foreign institutional investors (FIIs) on Thursday sold valuable stocks of Indian companies ₹58,682.68 crore and bought shares for ₹66,830.53 crore, resulting in an inflow of ₹8,147.85 crore, according to NSE data.
Domestic institutional investors (DIIs) have been buying equity securities ₹13,944.96 crore worth and downloaded shares ₹14,725.28 crore, resulting in an outflow of ₹780.32 crore, the exchange data showed.
The 30-share BSE Sensex closed 86.53 points, or 0.13%, higher at 66,988.44. During the day, it hit a high of 67,069.89 and a low of 66,610.35.
The broader NSE Nifty 50 rose 36.55 points, or 0.18%, to end at 20,133.15.
Vinod Nair, head of research at Geojit Financial Services, said: “India’s GDP growth to 6.4% from 6.0% for FY24 by S&P Global Rating bought optimism to the broad market. The Nifty 50 could cross the psychological level of 20,000 and be able to sustain the gains by providing long-term support. Bold performance of the global markets and listing of IPOs add sparkles to mid and small caps. State exit poll and the final result scheduled to be announced on Sunday may bring some caution.”
The Nifty 50 also recorded its biggest monthly gain in November since July 2022, led by information technology (IT) and energy stocks.
In November, the Nifty 50 jumped 5.52% while the Sensex climbed 4.87%.
Among the sector indices in November, IT index added 6.54%, energy jumped 9.37%, oil and gas rose 11.39%, auto increased 10.28%, and realty jumped 18.34%.
The Indian rupee fell to its lifetime low on Thursday by closing low against the US dollar.
The rupee ended at 83.3950 against the US dollar, down 0.08%, compared to its previous close of 83.3250.
At the interbank foreign exchange, the rupee opened at 83.31 against the dollar and traded between a high of 83.29 and an intraday low of 83.41.
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Updated: 30 Nov 2023, 17:47 IST