FII/FPIs were net sellers of Indian equities worth Rs 3844 crore, while DIIs net bought Rs 6160 crore

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Foreign investors (FIIs/FPIs) turned into net sellers again, on December 30, selling Rs 3,844 crore worth of Indian equities on Tuesday. This is the highest FII sell off since November 28. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 6,160 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 44,583 crore and sold share worth Rs 38,423 crore. In contrast, FIIs bought shares worth Rs 16,254 crore but sold shares totalling Rs 20,098 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.88 lakh crore, while DIIs have net bought shares worth Rs 7.78 lakh crore.

Market Performance

Today, the benchmark indices witnessed range-bound activity. The Nifty ends 3 points lower, while the Sensex was down by 20 points. Among sectors, the Metal index outperformed, rallied 2 percent, whereas the Tourism index lost the most, shed nearly 1 percent.

"Despite the minor decline, Nifty’s close above the 50-DEMA (25,837) keeps the short-term bullish structure intact. A decisive move below this level could signal weakness and a potential shift in the ongoing uptrend. On the upside, the index needs to clear the 26,100 – 26,150 resistance zone to regain its bullish momentum and open the path for higher levels," said Nandish Shah - Deputy Vice President, HDFC Securities.