2 weeks Ago
Following their biggest one-day net purchases on Tuesday, 17 April, foreign investors remained net buyers, while domestic investors acted as net sellers. FIIs net acquired shares valued at Rs 4,667 crore, while DIIs net disposed of shares totalling Rs 2,006 crore. In the trading session on 17 April, FIIs purchased shares valued at Rs 18,210 crore and sold shares totalling Rs 13,542 crore.
DIIs acquired shares valued at Rs 13,773 crore and disposed of shares totalling Rs 15,779 crore. In the current year, FIIs have sold shares totalling Rs 1.60 lakh crore net, whereas DIIs have purchased shares worth Rs 1.
99 lakh crore net. Benchmark indices Nifty and Sensex continued their impressive streak for a fourth consecutive session on 17 April, supported by significant increases in bank and oil & gas stocks that enhanced market sentiment. The jump contributed a huge Rs 4.
96 lakh crore to the total market capitalisation. The Bank Nifty became the leading sectoral index, rising more than 2 per cent, propelled by increases in major stocks like HDFC Bank and ICICI Bank. These advancements occurred prior to the banks' Q4 earnings, set to be declared on 19 April.
“The domestic market experienced a strong resurgence during the holiday-shortened week. The rally gained momentum following a pause in US reciprocal tariffs, with exemptions granted to products such as smartphones and computers. Continued FII inflows and the forecast of an above-normal monsoon also contributed to the market's outperformance relative to other emerging economies,” said Vinod Nair, Head of Research, Geojit Investments.
Bank Nifty led the rebound sharply, supported by a favourable monetary environment and a reduction in deposit rates by major banks, which is expected to enhance margins and benefit banking stocks. Amid global uncertainties, Bank Nifty remains a preferred investment choice and is now approaching its all-time high, added Nair. During Thursday's session on 17 April, the Nifty Midcap and Smallcap 100 indices reflected similar positive trends, recording increases of 0.
6 and 0.4 per cent, respectively. Nifty Bank emerged as the leading sector, displaying an increase of more than 2 per cent.
Auto, Pharma, Oil & Gas, and PSU Bank also rose, each recording significant gains of more than a per cent. Nifty FMCG, Metal, and Realty recorded increases of 0.7 per cent.
Conversely, Nifty IT was the only underperformer, dropping 0.35 per cent after a wary forecast from Wipro..
