Foreign Institutional Investors Sell Shares Worth Rs 4,447 Crore, Domestic Institutional Investors Purchase Rs 4,360 Crore on June 4

Market Update: Domestic Investors Offset Foreign Sell-Off on June 4

Foreign investors (FIIs/FPIs) net sold shares worth Rs 4,447 crore on June 4, while domestic institutional investors (DIIs) net bought shares worth Rs 4,360 crore, according to provisional data from the exchange.

During the session, DIIs purchased shares worth Rs 16,824 crore and sold shares worth Rs 12,464 crore. In contrast, FIIs bought shares worth Rs 14,013 crore but sold shares totalling Rs 18,460 crore.

Year-to-Date Trends

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For the year so far, FIIs have been net sellers of nearly Rs 3.18 lakh crore worth of shares, while DIIs have been net buyers of shares worth Rs 4 lakh crore.

Market Performance

At close, the Sensex was up 13.84 points or 0.02 percent at 74,360.01, and the Nifty was up 10.95 points or 0.05 percent at 23,416.55.

The broader market continued to outperform the frontline indices, with the Nifty Midcap 100 and Nifty Smallcap 100 indices advancing 0.5 percent, each.

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Market analysts attributed the cautious market sentiment to weak global cues and uncertainty ahead of the MPC monetary policy announcement. Elevated crude oil prices and volatile global risk appetite further weighed on sentiment, although buying in select heavyweight stocks helped limit the downside.

The tussle for the next directional move in the Nifty continues, with a mildly negative undertone persisting. Apart from global cues, participants will closely watch the MPC's stance on rates, growth, and inflation for signals amid an uncertain global environment and concerns around a weak monsoon.