FII selling intensifies to ₹5,040 crore; DIIs buy ₹5,184 crore

Foreign institutional investors stepped up selling in Indian equities on Friday, August 28, with net selling of ₹5,039.80 crore, according to provisional data. This was significantly higher than the ₹298.26 crore net selling recorded by FIIs on Thursday.
FIIs reported buying worth ₹13,263.62 crore and selling of ₹18,303.42 crore across the NSE, BSE and MSEI, resulting in net selling of ₹5,039.80 crore. Domestic institutional investors , meanwhile, continued to provide strong support to the market. DIIs recorded buying worth ₹16,539.38 crore against selling of ₹11,355.45 crore, resulting in net buying of ₹5,183.93 crore.

Separately, markets ended Friday’s session higher as investors adjusted to developments following the CAS episode, with the Sensex rising 331 points to 77,265 and the Nifty gaining 85 points to 24,176. The Nifty Bank slipped 14 points to 57,496, while the Nifty Midcap index gained 34 points to 64,070.
Market breadth was mildly positive, with the advance-decline ratio at around 1:1. IT stocks led the recovery, with the sectoral index gaining more than 3%. All five top Nifty gainers were IT stocks — TCS, Tech Mahindra, Infosys, HCL Technologies and Wipro.

Among individual stocks, Ather Energy surged 8% after Hero MotoCorp’s fresh investment, while CONCOR gained 5%, recovering Thursday’s losses. HDFC Bank rose 1%, also recouping its previous session’s decline. However, Indian equity markets ended lower for a third consecutive week, marking their longest losing streak in five months, as weakness in FMCG and PSU stocks weighed on the benchmarks.
Midcaps, however, outperformed the broader market and posted gains during the week. The Sensex, Nifty and Nifty Bank each declined around 0.5% over the week. FMCG and PSU indices were among the biggest sectoral laggards, while IT emerged as the top-performing sector.

At the stock level, 14 Nifty constituents fell 2% or more during the week, with Shriram Finance and NTPC among the biggest losers. On the other hand, nine Nifty stocks gained at least 2%, led by Adani Enterprises and Kotak Mahindra Bank.