FII and DII cash flow on May 3
The Indian benchmark indices closed lower. Nifty retained 9300 mark but closed lower by 0.02% at 9311. Sensex shed 26 points and closed below 29900 at 29894.
Broader markets, BSE Mid-cap Index underperformed and closed down 0.3% at 14810; whereas, BSE Small-cap Index slightly outperformed and closed almost in line with the previous close at 15430 levels.
The FIIs withdrew Rs 4486 crores from the Indian market and put in Rs 3968 crores, whereas the DIIs invested Rs 2603 crores and withdrew Rs 2490 crores.
HDFC Ltd was the most active stock of Wednesday in terms of value, whereas Subex Ltd was the most active stock in terms of volume on NSE.bonaz capital
The heavyweights in the market Time Technoplast, Ballarpur Industries, Intellect Design Arena and Arrow Green were dragging the major indices.
The following is combined FII/FPI and DII trading data across NSE, BSE and MSEI collated on the basis of trades executed by FIIs/FPIs and DIIs:
Category Date Buy Value Sell Value Net Value
FII/FPI 03-May-2017 3968.93 4486.67 -517.74
DII 03-May-2017 2603.01 2490.65 112.36
Nifty future is facing strong supply around the levels of 9,350-9,360, hence, a momentum is likely to be witnessed only if Nifty50 moves above these levels, and if it does, it is likely to scale upto the level of 9,400, On the downside, the zone of 9,250-9,270 is a strong support zone.