Delivery-Based Selling in RIL, HDFC Bank Pushes Sensex, Nifty Lower
RIL and HDFC Bank witnessed major delivery-based selling on Thursday, dragging the benchmark indices down. Both Sensex and Nifty resumed declines after two muted sessions, as FIIs continued to remain sellers in Indian equities.
RIL recorded a delivery volume of 1.43 crore shares, with a delivery percentage of more than 66%. The total volume turnover stood at Rs 2,726 crore, with a delivery turnover of Rs 1,810 crore. Meanwhile, HDFC Bank Ltd. witnessed delivery-based selling of Rs 875 crore. The stock recorded a delivery volume of 47 lakh shares, with a delivery percentage of 53.5%. The total volume turnover stood at Rs 1,635 crore, and the delivery turnover contributed Rs 875 crore.
Bharti Airtel and Infosys witnessed major delivery-based selling on Thursday.
Bharti Airtel Ltd recorded a delivery volume of 87 lakh shares, with a delivery percentage of 66%. The total volume turnover stood at Rs 1.3 crore, and delivery turnover contributed Rs 1,406 crore. The stock also witnessed delivery of 4.1 times its one-month average.
Infosys on Thursday witnessed delivery-based buying of Rs 664 crore.
The stock recorded a delivery volume of 33.4 lakh shares, with a delivery percentage of 51%. The total volume turnover stood at Rs 1,306 crore, with a delivery turnover of Rs 664 crore.
Overseas investors remained net sellers of Indian equities on Thursday for the second consecutive day, while domestic institutional investors remained net buyers for the third consecutive session.
Foreign portfolio investors offloaded stocks worth Rs 3,560.01 crore, whereas the DIIs bought stocks worth Rs 2,646.65 crore, according to provisional data shared by the National Stock Exchange.
In December so far, the foreign institutional investors have mopped up equities worth Rs 9,371.57 crore, whereas the domestic institutional investors purchased stocks worth Rs 5,404.69 crore.
In November, the FPIs sold stocks worth Rs 45,974.1 crore, and the DIIs mopped up stocks worth Rs 44,483.9 crore. In October, the FPIs sold equities worth Rs 1.14 lakh crore, and the DIIs bought equities worth Rs 1.07 lakh crore.
In 2024 so far, foreign institutions have been net sellers of Rs 11,310 crore worth of Indian equities, according to data from the National Securities Depository Ltd., updated till the previous trading day.
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