Stock Market Today: Sensex Snaps Four Days Of Losses Even As Infosys, RIL, L&T, Drag; FPIs Stay Net Sellers

Overseas investors remained net sellers of Indian equities on Monday, for the fifth consecutive session.

Foreign portfolio investors offloaded stocks worth Rs 2,333 crore, according to provisional data from the National Stock Exchange.

Domestic institutional investors remained net buyers and mopped up equities worth Rs 1,579 crore, the NSE data showed.

Foreign institutions have been net buyers of Rs 1,23,958 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.

• The local currency weakened 21 paise to close at 83.15 against the U.S dollar on Monday.

• It closed at 82.94 on Friday

Source: Bloomberg

India's benchmark stock indices closed marginally higher after fourth consecutive day losses, swinging between gains and losses through Monday. The S&P BSE Sensex closed 14.54 points, or 0.02%, higher at 66,023.69, while the NSE Nifty 50 was flat at 19,674.55.

Bajaj Finance, ICICI Bank, Kotak Mahindra Bank, Asian Paints, and Bajaj Finserv were the positively adding to the change in the Nifty 50 Index.

Whereas, Infosys, Reliance Industries, TCS, Larsen & Toubro, and M&M were negatively adding to the change.

The broader market indices ended higher, with the BSE Midcap ending 0.46% higher and the BSE Smallcap rising 0.12% at the close of the market on Monday.

10 out of the 20 sectors compiled by BSE Ltd. advanced, with BSE Realty gaining over 1%

The market breadth was split between the buyers and the sellers. About 1,883 stocks rose, 1,892 declined, and 171 remained unchanged on the BSE.

• Shyam Metalics & Energy to manufacture battery-grade aluminum foil for lithium-ion cells.

Source: Exchange filing

• 14.6 lakh shares changed hands in a large trade

• 0.05% equity changed hands at Rs 143.80 apiece

• Buyers and sellers not known immediately

Source: Bloomberg