Trading Dynamics Unveiled
On September 4, the Indian stock market displayed interesting movements. Foreign Institutional Investors (FIIs) made net sales of shares worth Rs 106 crore,
while Domestic Institutional Investors (DIIs) showed confidence, making net purchases totaling Rs 2233 crore. This reflected the changing market sentiments.
Sensex's Positive Climb
Following the announcement of GST cuts, the benchmark Sensex saw a positive shift. The index closed at 80,718.01, reflecting a rise of 150.30 points, or 0.19%. This demonstrates a positive impact on the market. This indicates a generally positive response by the market to the GST changes.
Nifty's Modest Gains
The Nifty also experienced a slight gain, closing at 24,734.30. The Nifty saw an increase of 19.25 points, or 0.08%. Though the gains were smaller compared to the Sensex, the increase indicated a positive overall market sentiment, boosted by policy announcements.
Midcaps & Smallcaps Dip
Despite the positive movement in the Sensex and Nifty, the BSE Midcap and smallcap indices faced a downturn. Both indices shed 0.6% each. This highlighted a divergence in the market, where larger cap stocks showed resilience, but smaller cap stocks faced selling pressure.
