Benchmark indices ended higher on Wednesday ahead of the July expiry with the F&O and cash markets clocking a combined turnover of Rs 6.44 lakh crore, the third highest ever. The 50-unit S&P CNX Nifty ended just short of the psychological 7,800 mark. The benchmark BSE Sensex closed above 26,000.
On Wednesday, foreign institutional investors (FIIs) were net sellers at $63.61 million, while domestic institutional investors bought shares worth $85.94 million, according to provisional data on the exchanges. YTD, FIIs have bought shares worth $12.08 billion, while domestic institutional investors (DIIs) have sold shares worth $5.45 billion.
The Sensex has gained 23.22% during the same period.
On Wednesday, the 30-share BSE Sensex ended 96.19 points or 0.37% higher at 26,087.42 points, while the broader 50-share Nifty ended 42.70 points or 0.55% higher at 7,791.40 points. Earlier in the session, the Sensex had declined as much as 0.54%, before bouncing back.
The market rally was led by gains in Bharti Airtel, which ended 5.26% to Rs 373 after the telecom player reported net profit of Rs 1,108 crore in June quarter. Hero Motocorp (2.69%), ICICI Bank (2.62%), Hindalco (2.53%) and Dr Reddy’s Laboratories (2.01%) were among the other gainers.
Among peers, Asian markets showed a mixed trend. Nikkei (0.18%), Hang Seng (0.37%), Kospi (1%) and Taiwan Taiex (0.59%) ended in the green. Meanwhile, Straits Times (-0.07%), Jakarta Composite (-0.19%) and Shanghai Composite (-0.09%) ended in the red.
Back home, 23 of the 30 Sensex stocks ended in the green on Wednesday. In the broader market, breadth was weak with 1,531 stocks traded on the BSE ending lower compared with 1,361 advances. Most of the 13 BSE sectoral indices ended in the green. The BSE Bankex (1.57%), BSE Consumer Durables (1.47%) and BSE Healthcare (1.37%) were among the major gainers.
The NSE cash turnover on Friday stood at Rs 18,465.02 crore, while the turnover in the F&O segment stood at Rs 3.42 lakh crore.