FIIs Sell ₹1,602 Crore Worth Of Indian Equities This Week, Nifty Declines 0.5% Amid Market Volatility
New Delhi: Foreign institutional investors (FIIs) ended the week as net sellers of Rs 1,602 crore while domestic institutional investors (DIIs), by contrast, were net buyers on each of the five trading days, investing Rs 17,320 crore. FIIs reverted to sell mode after three weeks of buying and their selling aggregate this week masked an uneven pattern of activity, analysts said. During the week,…
Foreign institutional investors (FIIs) sold ₹1,602 crore worth of Indian equities this week, causing the Nifty to decline by 0.5% amid market volatility. In contrast, domestic institutional investors (DIIs) were net buyers each trading day, investing ₹17,320 crore. FIIs shifted to a sell mode after three weeks of buying, with their total selling activity masking an uneven pattern.
Over the past month, FIIs were net sellers in the first week, buyers for the next three weeks, and sellers again this week. DIIs, however, were net buyers every week of the month, accumulating a purchase of ₹48,390 crore. Analysts noted that both FIIs and DIIs have been buying month-to-date, with FIIs adding net ₹2,510 crore and DIIs purchasing ₹34,370 crore.
The benchmark indices traded in a range with a corrective bias for the second week in a row, due to high crude oil prices above $92 and ongoing US-Iran tensions. Despite the Nifty starting the week lower at 24,026 and forming an intra-week low, it recovered later in the week to close at 24,252, down by 0.5%. The broader market outperformed the Nifty Midcap 100 index, which closed the week flat.
Investors are expected to monitor crude oil price movements and geopolitical developments surrounding the US-Iran conflict.
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