NewsStocksFIIs continue selling as DIIs remain buyers in Indian equities

FIIs continue selling as DIIs remain buyers in Indian equities

Author: CNBC-TV18 Markets·

Key Takeaways

  • Foreign institutional investors recorded a provisional net outflow of ₹3,892.77 crore in Indian equities on Friday.
  • Domestic institutional investors posted provisional net buying of ₹5,453.55 crore and continued to offset foreign selling.
  • DII flows turned negative on Tuesday and Wednesday before returning to net buying on Thursday and rising further on Friday.
  • Financial and IT stocks rebounded from their day’s lows and helped the Nifty Bank index end in positive territory.
  • The broader market was weak, with auto stocks seeing profit booking and NBFCs remaining under pressure.
FIIs continue selling as DIIs remain buyers in Indian equities

Foreign institutional investors (FIIs) remained net sellers in Indian equities on Friday, offloading shares worth a provisional ₹3,892.77 crore, while domestic institutional investors (DIIs) continued to offset the selling with net purchases of ₹5,453.55 crore.

According to provisional exchange data, FIIs bought equities worth ₹11,123.86 crore during the session and sold shares worth ₹15,016.63 crore, resulting in a net outflow of ₹3,892.77 crore.

DIIs, meanwhile, purchased equities worth ₹18,959.43 crore and sold shares worth ₹13,505.88 crore, taking their net buying to ₹5,453.55 crore on a provisional basis. Their buying has remained an important counterweight in recent sessions, helping absorb selling pressure even as foreign investors stayed on the sidelines.

Domestic institutional investors bought equities worth ₹1,312.03 crore on Monday, but turned net sellers on Tuesday and Wednesday, with outflows of ₹656.88 crore and ₹418.26 crore, respectively. They returned as buyers on Thursday with provisional purchases of ₹2,947.14 crore and further stepped up buying on Friday with net inflows of ₹5,453.55 crore.

Financial and IT stocks recovered sharply from the day’s lows, helping the Nifty Bank index end in positive territory. Auto stocks saw profit booking, while NBFCs remained under pressure. Market breadth favoured declines, with the advance-decline ratio at 4:5, indicating that strength in a few large pockets did not extend broadly across the market.