FII/FPIs net sell shares worth Rs 3263 crore, DIIs net buy Rs 4234 crore on January 19

For the month so far, FII/FPIs have net sold Rs 26,048 crore while DIIs have net bought Rs 34,075 crore.

On Monday, January 19, Foreign Institutional Investors (FIIs/FPIs) continued to remain net sellers of Indian equities, offloading worth Rs 3,263 crore of shares. While Domestic Institutional Investors net bought Rs 4,234 crores, as per provisional data on exchange.

The trading session saw FII/FPIs buy Rs 12,380 crore worth of shares while selling off a slightly higher chunk, worth Rs 15,643 crore. DIIs, at the same time, bought higher at Rs 17,888 crore while offloading Rs 13,653 crore.

For the month so far, FII/FPIs have net sold Rs 26,048 crore while DIIs have net bought Rs 34,075 crore.

Market Performance

Indian equities opened lower on Monday, with selling pressure intensifying amid renewed concerns over a possible escalation in global trade tensions and a mixed set of Quarterly earnings from index heavyweights weighed on the Sensex and Nifty. The Nifty 50 slipped 108.85 points, to close at 25,585.50, while the Sensex fell 324 points, to 83,246.20.

Broader markets remained under pressure, with the BSE Smallcap index falling 1.3% and the Midcap index closing 0.4% lower. Sector wise, realty and oil & gas stocks led the decline, followed by consumer durables, IT, pharma, and PSU banks. In contrast, FMCG and auto indices managed to end in mild green.

Vikram Kasat, Head- Advisory, PL Capital, said, "Losses in index heavyweights such as Reliance Industries and ICICI Bank, following their Q3 earnings, weighed on the Sensex and the Nifty through the session. The Bank Nifty also slipped 204 points to settle at 59,891.35, dragged by weakness in select private lenders. "

He goes onto add, "Within the Nifty 50, Wipro, Reliance Industries, Tata Motors, Eternal, and ICICI Bank were among the top drags. On the upside, InterGlobe Aviation, Tech Mahindra, Hindustan Unilever, Kotak Mahindra Bank, Bajaj Finance, and Maruti Suzuki gained between 2% and 4.5%. Looking ahead, global cues are expected to remain muted tomorrow as US markets will be shut for Martin Luther King Jr. Day. Investors are likely to track Q3 earnings announcements, along with FII and DII flow data, for clearer directional cues in the near term."