Indian stock indices ended marginally lower in volatile trade on Thursday as IT stocks retreated after a recent rally.
Foreign institutional investors (FIIs) on Thursday sold valuable stocks of Indian companies ₹7,093.19 crore and bought shares for ₹7,348.72 crore, resulting in an inflow of ₹255.53 crore, according to NSE data.
Domestic institutional investors (DIIs) have been buying equity securities ₹6,234.47 crore worth and downloaded shares ₹457.39 crore, resulting in an inflow of ₹721.24 crore, the exchange data showed.
The 30-share BSE Sensex dipped 5.43 points, or 0.01%, to end at 66,017.81. During the day, it hit a high of 66,235.24 and a low of 65,980.50.
The Nifty fell 9.85 points, or 0.05%, to 19,802.
In the broader market, the BSE small-bore climbed 0.44% and mid-cap index gained 0.15%.
Vinod Nair, head of research at Geojit Financial Services, said: “Range momentum continued on major indices as the market looked for new triggers for a decisive move beyond the 19800 level. However, the underflow from broad markets is strong and brisk buying has emerged in the mid-cap and small-cap counters as a bargaining strategy emerged on recent bearish stocks. The falling oil prices and ease in US bond yields are the key positives for a broader recovery for the market. The European market was mixed ahead of the ECB minutes and the release of factory index data.”
Among the indices, healthcare decreased 1.13%, IT fell 0.46%, consumer durables decreased 0.44%, technology (0.26%), capital goods (0.26%) and power (0.11%).
Realty climbed 1.22%, oil & gas jumped 1.21%, energy (0.84%), telecommunications (0.82%) and metals (0.53%).
The Indian rupee ended at 83.3425 against the US dollar, little changed from its previous close of 83.32.
At the interbank foreign exchange market, the local unit opened higher at 83.30 against the US dollar. It later moved in a tight range from 83.29 to 83.36 in the intraday trade.
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Updated: 23 Nov 2023, 18:20 IST
(tagsTo Translate)FII