Market Overview: FII Selling vs DII Buying
Foreign institutional investors (FIIs/FPIs) were net sellers of Rs 3,857 crore in Indian equities on Thursday, while domestic institutional investors (DIIs) stepped in with net purchases worth Rs 6,920 crore, according to provisional exchange data.
During the session, DIIs bought shares worth Rs 17,391 crore and sold Rs 10,471 crore, whereas FIIs purchased equities worth Rs 17,743 crore but sold Rs 21,599 crore.
Year-to-date, FIIs have been net sellers of Rs 2.01 lakh crore, while DIIs have net bought Rs 4.92 lakh crore, highlighting continued domestic support for Indian equities.
Key Index Performance
At market close:
- Sensex: Down 705.97 points (-0.87%) at 80,080.57
- Nifty 50: Down 211.15 points (-0.85%) at 24,500.90
- BSE Midcap Index: Declined 1%
- BSE Smallcap Index: Declined 0.9%
Top Nifty losers included Shriram Finance, HCL Technologies, TCS, Power Grid, and Infosys, while gainers were Titan Company, L&T, Coal India, Asian Paints, and Hero MotoCorp.
Market Sentiment & Global Factors
According to Ajit Mishra, SVP of Research at Religare Broking Ltd, market sentiment remains under pressure due to:
- Implementation of an additional 25% US tariff
- Weakness in heavyweight sectors like banking
He noted:
“In the absence of major domestic triggers, global developments continue to drive near-term market direction.”
Implications for Investors
The divergence between FIIs and DIIs indicates that while foreign investors are cautious amid global uncertainties, domestic institutional investors continue to support equities, potentially stabilizing markets in the short term.
Investors are advised to monitor global developments, corporate earnings, and sector-specific trends before making investment decisions.
