Sensex and Nifty Trends Ahead of Budget Presentation

Monday, 22 July 2024, 06:53

In today's stock market update, the Sensex is down by 40 points, currently sitting at 24,530 as investors brace for the upcoming budget presentation. Domestic Institutional Investors (DIIs) effectively net-sold ₹462 crore in shares while Foreign Institutional Investors (FIIs) net-bought ₹1,506 crore. This trend indicates a cautious outlook among domestic investors, while foreign investors seem to be capitalizing on market conditions. Overall, broader markets have shown gains amid these fluctuations, suggesting potential opportunities as the budget draws near.
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Sensex and Nifty Trends Ahead of Budget Presentation

Market Overview

Today, the Sensex recorded a decrease of 40 points, bringing the index down to 24,530. This decline comes as investors await significant developments in the upcoming budget presentation.

Investor Behavior

On July 19, the trading activity revealed that Domestic Institutional Investors (DIIs) net sold ₹462 crore, while Foreign Institutional Investors (FIIs) net bought ₹1,506 crore worth of shares. Here’s a detailed look at their activity:

  • DIIs bought ₹15,051 crore and sold ₹15,513 crore.
  • FIIs purchased ₹15,893 crore but offloaded ₹14,387 crore.

Conclusion

The contrasting behaviors of domestic and foreign investors highlight the uncertainty in the market as the budget presentation approaches. While DIIs show skepticism, FIIs continue to find potential in the current landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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