FIIs, DIIs turn net buyers of Indian equities on October 28; Sensex falls 353 points

Foreign institutional investors (FIIs) bought Indian equities worth ₹24,517.65 crore and sold shares worth ₹23,645.82 crore on Wednesday, resulting in net buying of ₹871.83 crore, according to provisional exchange data.

Domestic institutional investors (DIIs) purchased equities worth ₹15,702.74 crore and sold shares worth ₹15,059.39 crore, recording net buying of ₹643.35 crore.

In the previous session on October 27, FIIs were net buyers of ₹4,240.39 crore, while DIIs were net sellers of ₹1,250.03 crore.

Indian equity benchmarks ended lower on Wednesday. The Sensex fell 353 points to 73,246, while the Nifty declined 51 points to close at 22,699.

The broader market outperformed the benchmarks. The Nifty Midcap index rose 245 points to 57,275, while the Nifty Bank gained 293 points to 54,267. The Nifty IT index fell over 2% amid pressure on IT stocks tracking global AI earnings.

Among individual stocks, L&T rose over 4% after its Q2 results and an increase in its order book. Piramal Pharma surged over 17% following its September-quarter results, while TVS Motor gained nearly 4%. Apollo Hospitals rose over 4% to emerge as the top Nifty gainer.

Jio Platforms closed at ₹1,419 per share against its listing price of ₹1,358. Its market capitalisation crossed ₹13 lakh crore, making it the second-largest company by market capitalisation on its debut.

Also Read: FIIs buy ₹4,240 crore in Indian stocks as DIIs turn net sellers