FII/FPIs net sell shares worth Rs 1788 crore, DIIs net buy Rs 4520 crore on January 21

market

Foreign investors (FIIs/FPIs) net sold Rs 1788 crore worth of Indian equities on January 21. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 4520 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 17387 crore and sold shares worth Rs 12867 crore. In contrast, FIIs bought shares worth Rs 15371 crore but sold shares totalling Rs 17159 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 21,702 crore, while DIIs have net bought shares worth Rs 30,140 crore.

Market Performance

Indian equities extended losses for the third consecutive session on Wednesday. The index briefly breached below the 25,000 mark during intraday trade but managed to recover over 237 points from the day’s low to close above this key psychological level, though it still settled -0.3% lower at 25,157. Reflecting on today's market performance, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services, said, "Sentiment remained under pressure amid global uncertainties, ongoing geopolitical tensions between Europe and US and a mixed earnings backdrop. Broader markets underperformed, with the Nifty Midcap 100 declining 1.1% and the Nifty Smallcap 100 falling 1%, reflecting continued risk aversion. Flows remained a key overhang, as FII’s continued their selling streak, offloading equities worth around ₹2,938 crore on Tuesday. The Indian rupee weakened further, slipping to a record low of 91.19 against the US dollar, adding to cautious sentiment. Sectoral performance was largely negative, with only Oil & Gas (+0.3%) and Metal (+0.6%) indices ending in the green. Consumer Durables fell 1.6%, extending losses for the ninth consecutive session. PSU stocks declined 1%, while Realty dropped 1.6%."

He further added, that looking ahead, markets will remain watchful as U.S. President Trump heads to Davos after recent tensions with European allies over Greenland, with his push to acquire the territory becoming a key focus at the forum.

Stock-specific action is expected around quarterly results from InterGlobe Aviation, DLF, Indian Bank, Coforge, APL Apollo Tubes, Mphasis and Radico Khaitan. Overall, we expect the Nifty to trade sideways, tracking ongoing earnings and awaiting global cues post Trump speech at Davos.

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