On September 12, according to data from the National Stock Exchange (NSE):
Foreign institutional investors (FII) sold shares worth Rs 1,047.19 crore. This means that international investors were selling more stocks than they were buying in the Indian stock market on that day.
On the other hand, domestic institutional investors (DII) bought shares worth Rs 259.48 crore. This indicates that local institutions in India were purchasing more stocks than they were selling.
In simpler terms, foreign investors were selling a significant amount of stocks, while domestic investors were buying some stocks in the Indian market on September 12.
Market Expectations:
The Sensex and Nifty are set to open slightly higher on September 13, with GIFT Nifty suggesting a 62-point gain.
Sensex gained 94 points to close at 67,221, but Nifty50 saw a small decline, closing at 19,993, forming a long bearish candlestick pattern.
Expert Insights:
Jatin Gedia from Sharekhan expects market consolidation after seven days of gains, with a likely range between 20,100 and 19,800.
The pivot point calculator shows Nifty support at 19,931, 19,885, and 19,810, with resistance at 20,081, 20,127, and 20,202.
Global Markets:
US stock futures remained steady as investors awaited the consumer price index (CPI) report for inflation insights.
European markets closed slightly lower, and Asia-Pacific markets had mixed performances.
RBI’s Rate Policy:
Retail inflation in August slowed to 6.83 per cent but remained above the RBI’s tolerance band, likely keeping repo rates unchanged, say experts.
Paytm’s Financial Health:
Paytm reported a strong financial position with Rs 8,300 crore in cash balance, stating no need for funding in the near future.
Inflation and Monetary Policy:
Despite lower inflation in August, experts believe the RBI will maintain a repo rate pause due to the persistently high inflation trend.
Oil and Gold Prices:
Oil prices reached a 10-month high on supply concerns, while gold prices dipped as the dollar strengthened.
Foreign Investments:
Foreign institutional investors (FIIs) sold stocks worth Rs 1,047.19 crore, while domestic institutional investors (DIIs) bought stocks worth Rs 259.48 crore on September 12, per NSE data.
