Foreign institutional investors (FIIs) sold shares worth a net of Rs 1,998.77 crore, while domestic institutional investors (DIIs) bought shares worth a net of Rs 1,290.73 crore on 21 July, according to the provisional data available on the NSE.
For the month till July 21, FIIs bought shares worth a net of Rs 17,697.89 crore while DIIs sold shares worth a net of Rs 8,906.19 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.
“Bank Nifty witnessed a volatile trade today. Though it was volatile it traded in a range and closed down ~110 points. The hourly momentum indicator has triggered a negative crossover which can lead to consolidation in the short term, however, the overall uptrend is still intact and we believe that this dip is a pullback in the overall up move and not a trend reversal. On the upside we expect the Bank Nifty to target levels of 46500 in the short term,” Jatin Gedia added.
On Friday, the benchmark indices NSE Nifty 50 and BSE Sensex ended the trading session deep in red. The Nifty 50 plunged 234.15 points or 1.17% to 19,745 and Sensex tumbled 887.64 points or 1.31% to 66,684.26. In sectoral indices, Bank Nifty sank 111.70 points or 0.24% to 46,075.20, Nifty IT tanked 1,274.85 points or 4.09% to 29,871.05, Nifty FMCG tumbled 1% while Nifty PSU Bank rose 0.25%. The top gainers on Nifty 50 were Larsen & Toubro, ONGC, NTPC, State Bank of India (SBI), and Tata Motors while the losers were Infosys, Hindustan Unilever Ltd (HUL), HCL Tech, Wipro, and TCS.