FII, DII data- FPIs sold shares worth Rs 701 cr, DIIs bought shares worth Rs 2488 cr on July 31, Monday

FII, DII data: FPIs sold shares worth Rs 701 cr, DIIs bought shares worth Rs 2488 cr on July 31, Monday

Foreign institutional investors (FIIs) offloaded shares worth a net Rs 701.17 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 2,488.07 crore on July 31, 2023, according to the provisional data available on the NSE.

For the month till July 31, FIIs sold shares worth a net Rs 1,725.08 crore while DIIs bought shares worth a net Rs 4,122.44 crore. In the month of June, FIIs bought shares worth a net of Rs 27, 250.01 crore while DIIs purchased equities worth a net of Rs 4, 458.23 crore.

“A promising reversal formation is indicating further uptrend from the current levels. For the trend-following traders, 19650 would be the trend decider level, and above the same the market could move up till 19850-19875. On the flip side, below 19650, bulls may prefer to exit from long positions and could retest the level of 19600-19560,” Shrikant Chouhan added.

On Monday, the domestic equity indices NSE Nifty 50 and BSE Sensex ended higher, snapping a two-day losing streak. Nifty 50 closed at 19,753.8, gaining 107 points while Sensex settled at 66,527, over 360 points higher. The broader markets closed in the green, with Nifty Midcap 100 and Nifty Smallcap 100 added 0.97% and 0.88% respectively. Nifty Auto, Nifty IT, Nifty Metal and Nifty Oil & Gas all added over 1% in trade on Monday. Nifty FMCG and Nifty Healthcare were the only losers.