News

Foreign investors extended their buying streak to a ninth straight session on Monday, April 28, purchasing Indian equities worth Rs 2,474 crore. With the latest inflow, FIIs have now turned net buyers for April, reversing earlier heavy selling of nearly Rs 35,000 crore. Domestic institutional investors (DIIs) also remained positive, buying shares worth Rs 2,817 crore for the second consecutive session.

During the trading session of April 28, FIIs bought shares worth Rs 11,680 crore and sold shares worth Rs 9,206 crore. DIIs purchased shares worth Rs 14,436 crore and sold shares worth Rs 11,618 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.39 lakh crore, while DIIs have net bought Rs 2.03 lakh crore worth of shares.

Market Performance

Bulls returned to Dalal Street on April 28, as Reliance Industries surged after posting strong March quarter results, while other heavyweights like SBI also lent support. The overall market mood remained upbeat, with midcap and smallcap indices mirroring the positive trend.

Experts attributed the market’s resilience to strong foreign institutional investor (FII) inflows, with over Rs 32,000 crore pouring in over the past eight days. FIIs, who had been persistent sellers, have dramatically reversed course amid the relative underperformance of US stocks, bonds, and the dollar. Analysts believe that in a weakening US economy and a depreciating dollar environment, FIIs could continue supporting Indian equities.

Except for the Nifty IT index, which closed 0.22 percent lower, all other sectoral indices ended in positive territory. Nifty Pharma emerged as one of the top performers, led by gains in Sun Pharma, Divi’s Laboratories, Cipla, and Dr. Reddy’s Laboratories. Nifty Metal and Bank Nifty indices also fared well, gaining between 1 percent and 2 percent intraday. Notably, the Nifty PSU Bank index saw robust buying interest, rising over 2 percent.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Sensex Today Jammu Kashmir News Live Ather Energy IPO JNU Poll Results GIFT Nifty India Economy Apple App Store Dalai Lama TS SSC Results 2025 IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.