<p><a href="https://www.mid-day.com/business/business-news/article/market-round-up-fiis-offload-equities-worth-rs-34970-crore-diis-buy-rs-33460-crore-of-equities-23653183" target="_blank" rel="none noopener">The Foreign Institutional Investors (FIIS)</a> turned net buyers for a second consecutive week as crude oil prices eased amid hopes of a conflict resolution between US and Iran.</p>
<p>However, Domestic Institutional Investors (DIIs) turned net sellers during the week amid profit booking at higher levels.</p>
<h2>FIIs turn aggressive buyers</h2>
<p>"FIIs were aggressive net buyers of Rs 45,960 crore, purchasing in all five sessions and extending their buying streak to a second week after a ten-week selling run, with a single week of inflows more than recouping the Rs 45,162 crore they had sold across the whole of October," Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking said.</p>
<p>On Friday, FIIs were net buyers, purchasing equities worth Rs 13,749.82 crore. On Thursday, they bought equities worth Rs 14,974.68 crore, their largest single-day buying in over a year noted Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services.</p>
<p>According to Dheeraj Gaur, Chief Investment Strategy Officer, Choice Wealth, the settled numbers indicate a similar trend that the provisional data from the exchanges indicate.</p>
<p>"Unlike last week, this was not a Jio story: only about Rs 452 crore came from the primary market, so roughly Rs 38,500 crore was plain secondary-market buying," he said.</p>
<h2>AI sell-off prompts FIIs to invest in Indian equities</h2>
<p>The change in foreign investor stance was "triggered by the AI sell-off in the US and other AI markets like South Korea, Taiwan and Japan. This sell-off, in turn, was triggered by fears surrounding data centre spending in the US," V K Vijayakumar, Chief Investment Strategist, Geojit Investments said.&nbsp;</p>
<p>"The AI sell-off has made India, &nbsp;which is widely regarded as a non-AI trade, attractive for FPIs. Furthermore, the impressive earnings growth in India and the attractive large-cap valuations, made India a favoured investment destination," he added.</p>
<h2>Sensex, Nifty soar on FII inflows</h2>
<p>The FII buying propelled the benchmark indices during the week, as the Sensex and Nifty crossed the 81,000 level and 25,000 level, respectively.&nbsp;</p>
<p>During the week, <a href="https://www.mid-day.com/business/stock-market/article/market-weekly-wrap-up-sensex-nifty-surge-amid-declining-crude-oil-prices-fii-inflows-23658928" target="_blank" rel="none noopener">the Sensex gained 6568.49 points or 8.82 per cent,</a> while the Nifty jumped 1977.25 points or 8.58 per cent.&nbsp;</p>
<p>On Friday, the 30-share BSE Sensex soared 1,718.01 points, or 2.17 per cent, to settle at 81,028.02. The 50-share NSE Nifty surged 493.75 points, or 2.01 per cent, to end at 25,030.35.</p>
<p>"FIIs have turned major buyers in index heavy weights in financials, IT, automobiles and telecom," Vijayakumar said.</p>
<h2>DIIs turn net sellers</h2>
<p>Domestic Institution Investors (DIIs), in contrast were net sellers offloading equities worth Rs 24,197 crore during the week and sold in all five sessions, snapping an eleven-week buying streak as they booked profits, Mukherjee noted.</p>
<h2>Market outlook</h2>
<p>According to analysts, the FII flows will depend on the crude oil prices, the rupee's levels, the US inflation print and the <a href="https://www.mid-day.com/news/world-news/article/trump-says-washington-is-in-talks-with-iran-amid-fresh-us-sanctions-23658896" target="_blank" rel="none noopener">developments surrounding US-Iran tensions</a>.</p>

Domestic Institution Investors were net sellers, offloading equities worth Rs 24,197 crore during the week

 FIIs purchase equities worth Rs 45,960 crore during the week

Prestige Group buys 100 per cent stake in Allure Developers for Rs 524 crore 

Domestic Institution Investors in contrast were net sellers offloading equities worth Rs 24,197 crore during the week and sold in all five sessions, snapping an eleven-week buying streak as they booked profits

Market weekly round-up: FIIs continue to be net buyers, purchase equities worth Rs 45,960 crore

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Home / Business / Business News / Article / Market weekly round-up: FIIs continue to be net buyers, purchase equities worth Rs 45,960 crore