Foreign institutional investors turned net buyers of Indian equities on Friday, purchasing shares worth ₹3,598.54 crore on a provisional basis, according to exchange data. Domestic institutional investors , meanwhile, were net sellers, offloading equities worth ₹817.51 crore.
FIIs bought shares worth ₹20,564.02 crore and sold ₹16,965.48 crore during the session. DIIs purchased equities worth ₹16,643.55 crore and sold ₹17,461.06 crore. The latest FII buying marks a reversal from Thursday, when foreign investors were net sellers to the tune of ₹943.60 crore.
DIIs had remained net buyers on Thursday, purchasing equities worth ₹1,924.41 crore. On Thursday, FIIs bought shares worth ₹13,400.29 crore and sold ₹14,343.89 crore. DIIs purchased equities worth ₹18,458.64 crore and sold ₹16,534.23 crore. In Friday’s market session, the Sensex rose 308.5 points to close at 74,459.5, while the Nifty gained 116.3 points to end at 23,053.
Both indices closed near the day's highs, extending gains for a second consecutive session. The Nifty held above the 23,000 mark, while the broader market underperformed. The Nifty Bank declined 223 points to 54,687, and the Midcap index fell 540.4 points to 57,301.
The Nifty IT index rose for a second consecutive session, with Wipro and Infosys among the top Nifty gainers. Among individual stocks, Navin Fluorine gained over 5% following its Q2 results, while Laurus Labs rose over 7% and Borosil surged 20% after their quarterly results.
IndiGo advanced over 4% on a positive brokerage note. Suzlon Energy fell nearly 8% after a guidance cut. Equitas Small Finance Bank ended over 6% lower despite recovering from its day's lows after the resignation of its MD and CEO. Ather Energy extended its gains and was up over 27% for the week.
Jio Platforms recovered during the session and ended with a gain of nearly 1%.