Stories
Stock Market Update: FIIs Return to Buying as Sensex Jumps 413 Points
- •Foreign Institutional Investors turned net buyers on Friday, purchasing shares worth 1,165.92 crore rupees.
- •Domestic Institutional Investors remained net sellers, offloading shares worth 3,661.28 crore rupees.
- •The Sensex rose 413 points to close at 74,729, while the Nifty advanced 149 points to settle at 23,146.
- •IT stocks led the market rally for the fourth consecutive session, boosted by strong earnings and bonus announcements.
- •Stocks like Onward Technologies surged 20 percent, while BSE and Indigo faced downward pressure.
Key Questions Answered
On Friday, October 16, 2026, foreign institutional investors (FIIs) made a net purchase of Indian shares worth 1,165.92 crore rupees, reversing their heavy selling from the previous day. In contrast, domestic institutional investors (DIIs) acted as net sellers, offloading 3,661.28 crore rupees worth of shares.
Indian stock indices closed higher with gains amid market volatility on October 16, 2026. The Sensex climbed 413 points to close at 74,729, while the Nifty advanced 149 points to settle at 23,146.
IT stocks led the market rally on October 16, 2026, with the Nifty IT index rising for the fourth consecutive session by about 4 percent. Tech Mahindra saw a sharp surge following its quarterly results and bonus issue announcement, while TCS continued its post-results upward trend.
