Sensex, Nifty Move Higher, Led by IT, FMCG, Pharma Sectors

Business Business

Posted by AI on 2025-07-30 17:02:58 | Last Updated by AI on 2026-09-27 07:36:42

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 29

---

Indian equities continued their seesaw ride on Wednesday as strong domestic inflows clashed with persistent foreign institutional investor (FII) selling. The BSE Sensex closed 144 points, or 0.3%, higher at 49,744, with 21 of its 30 constituents ending in the green. On the other hand, the Nifty 50 closed at 24,855, up 67 points, or 0.3%.

IT, fast-moving consumer goods (FMCG), and pharma stocks were the top gainers on the main indices, continuing the trend seen in the previous session. HCL Technologies rose 2.6%, Tata Consumer Products advanced 1.5%, and Sun Pharma added 1%.

"Domestic institutional investors (DIIs) continued to pour money into the market, but it failed to impress FII. The market is expected to remain volatile until the trend of FII selling continues," said Deepak Jasani, head of retail research at HDFC Securities.

According to provisional data from the National Stock Exchange, DIIs bought equities worth 1,481.7 crore, while FIIs sold 871 crore.

Meanwhile, global markets also remained volatile as investors assessed the latest corporate earnings and inflation data. Most Asian stock markets ended lower, following a decline in US markets on Tuesday.

In conclusion, the Indian equity market moved higher on the back of robust domestic investments, despite persistent FII selling pressure. The IT, FMCG, and pharma sectors showed particular strength, providing much-needed relief for investors concerned about recent volatility. Moving forward, experts believe that the market will likely remain volatile until the selling trend among FIIs subsides. Ultimately, the persistence of DIIs will determine the market's direction in the coming days and weeks, as the battle between domestic optimism and foreign caution continues.

Go!