Indian Equity Overview

Indian benchmark indices extended the gain on the second day on November 25 with Nifty above 24200. At close, the Sensex was up 992.74 points or 1.25 percent at 80,109.85, and the Nifty was up 314.60 points or 1.32 percent at 24,221.90.

ONGC, Shriram Finance, Bharat Electronics, Adani Enterprises and L&T are among the top gainers on the Nifty, while losers are JSW Steel, Infosys, HCL Technologies, Tech Mahindra and Sun Pharma. BSE midcap and smallcap indices up 1.5 percent each. Among sectors, oil & gas, realty, capital goods, PSU bank up 2-4 percent.

FIIs turned net buyers on November 25 after both benchmark indices gained on positive market sentiment post the elections in Maharashtra and the MSCI rejig. Domestic institutional investors (DIIs) net sold shares worth Rs 6,908 crore, while on the other hand, foreign institutional investors (FIIs) net bought shares worth Rs 9,948 crore, provisional data from NSE showed. DIIs turned net sellers after consistently buying for 13 straight sessions.

During the trading session, DIIs bought Rs 17,625 crore and sold shares worth Rs 24,533 crore, and FIIs purchased Rs 85,252 crore in shares while offloading equities worth Rs 75,305 crore.