FII net sell shares worth Rs 4,352 crore, DIIs net buyers of Rs 7,646 crore

Benchmark indices Nifty and Sensex closed lower on March 28, wrapping up FY25 on a weak note, as IT and auto stocks extended their slide for a second straight session, rattled by concerns over Trump’s tariffs.

Foreign institutional investors (FII/FPI) turned net sellers after six sessions on March 28 and ending FY25 on a bearish note, offloading shares worth Rs 4,352 crore while domestic institutional investors (DII) were net sellers of shares worth Rs 7,646 crore, provisional data showed.

During the trading session of March 28, FIIs net bought shares worth Rs 11,508 crore and sold shares worth Rs 15,861 crore. DIIs purchased shares worth Rs 16,920 crore and sold shares worth Rs 9,273 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.4 lakh crore, while DIIs have net bought Rs 1.88 lakh crore worth of shares.

Market Performance

Benchmark indices Nifty and Sensex closed lower on March 28, wrapping up FY25 on a weak note, as IT and auto stocks extended their slide for a second straight session, rattled by concerns over Trump’s tariffs. Despite a strong showing from FMCG stocks, the broader market struggled to regain momentum.

The broader market fell in today's session, with the Nifty Midcap 100 and Smallcap 100 indices slipping 0.3 percent and 0.15 percent, respectively. Despite the sharp correction since September, analysts remain wary of high valuations and caution that further downside risks persist.

Among sectors, Nifty FMCG was the lone gainer on March 28, ending 0.6 percent higher. On the other hand, Nifty Bank and PSU Bank also edged higher, up just before the close, pared all gains to end lower by up to 0.5 percent. Weakness persisted in Nifty IT, Auto, and Pharma, with all three indices slipping around 1 percent each. Investor sentiment remained fragile amid growing uncertainty over Trump's proposed reciprocal tariffs, keeping markets on edge.

"There are increasing concerns that a growing range of tariffs imposed by Trump, could hamper businesses and fuel economic slowdown. Markets will track the US CPI for February to be released later today. FIIs were net buyers of over Rs 11,000 crore on Thursday, turning net FII flows positive for March’25 by Rs 6,300 crores, which extended support to the domestic market sentiment," Siddhartha Khemka, Head of Research and Wealth Management at Motilal Oswal said.

"Market will closely monitor the outcome of the ongoing US-India trade talks and are expected to remain in consolidation mode with a positive bias on hopes of continued FII buying interest," he added.