DIIs net buyers of shares worth Rs 3,558 crore, FIIs net sold shares worth Rs 5,104 crore on July 11

DIIs net buy shares worth Rs 3,558 crore, FIIs net sold shares worth Rs 5,104 crore on July 11

Benchmark index Nifty 50 slipped below 25,200 on a day Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 5,104 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 3,558 crore worth of shares, according to provisional NSE data released on July 11.

DIIs purchased equities worth Rs 15,728.51 crore and offloaded shares amounting to Rs 12,169.88 crore. FPIs, on the other hand, bought stocks worth Rs 11,998.56 crore while selling Rs 17,102.78 crore.

For the year so far, FIIs have been net sellers of equities worth Rs 1.25 lakh crore and DIIs were net buyers worth Rs 3.60 lakh crore.

Market View

Indian equities ended lower on July 11 with BSE Sensex falling 636 points, or 0.77 percent, to 82,554, while the Nifty 50 dropped 206 points, or 0.81 percent, to 25,150, driven by sharp declines in IT stocks.

Shrikant Chouhan, Head Equity Research at Kotak Securities said, "Domestic sentiments were mixed with markets awaiting the outcome of the India-US trade negotiations, Q1FY26 update by companies and upcoming Q1FY26 earnings. TCS reported revenue decline QoQ, driven largely by BSNL ramp down and revenue decline from the international business is attributable to both a weak macro and slippages. Tariff-related newsflow is expected to continue to guide the broader equity market in the coming weeks. Further, Q1FY26 results and management commentary will trigger stock specific action."

The Nifty IT Index fell over 2 percent, with Infosys, HCLTech, and Tech Mahindra declining up to 3 percent, reflecting concerns over US economic slowdown and potential tariff impacts on IT services.

Beyond IT, financials and consumer stocks saw profit-taking, with Kotak Mahindra Bank and SBI Life among top Nifty losers, down 2.03 percent and 2.87 percent, respectively.

However, select sectors like Nifty Media, up 1.45 percent, and Nifty Pharma, up 0.42 percent, showed resilience.

Market sentiment was cautious as investors monitored US-India trade talks, with hopes pinned on a potential mini-trade agreement to mitigate the impact of US tariffs, including a 26 percent levy on Indian imports announced earlier. The rupee held steady at 85.65 against the dollar, supported by softer crude prices and easing FII outflows.