Aggressive domestic funds buying breaks three-day losing streak for Indian shares

| Updated: July 29, 2021 7:39 pm

Indian stock market ended in the green after three days of declines primarily lead by index heavyweights and metals shares. Positive global cues from China and the US Federal Reserve also supported the sentiments. Aggressive buying by domestic funds also helped lift the market.

The foreign portfolio investors continued to sell in the cash market for the 11th session. Total FPI selling in July now stands at Rs19,345 crore. However, domestic funds were aggressive buyers. They bought shares worth Rs2047 crore on Thursday taking total purchases for the month to Rs15,437 crore.

At the close of the session, BSE Sensex, advanced 209.36 points to 52,653.07. The Nifty added 69.05 points to 15,778.45. The BSE Mid-Cap index rose 0.39% while the S&P BSE Small-Cap index surged 0.9%.

Metal shares continued its outperformance on the second day. The nifty Metal index closed up 5% on the back of strong gains in Hindalco, National Aluminium, Tata Steel and Vedanta.

Shares of Tatva Chintan Pharma Chem closed at Rs 2,310.25 per share, at a premium of 113.32% compared with the issue price of Rs 1083 per share. The issue received bids for 58.83 crore shares as against 32.61 lakh shares on offer,

Reacting to June quarter earnings Tech Mahindra added 0.75% to close at Rs1127. Route Mobile declined 4.17% after earnings that were lower than street expectations result

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