FIIs buy Rs 1,009 crore in rangebound session; DIIs infuse Rs 9,342 crore on June 6

Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) bought shares worth Rs 15,208 crore and sold shares worth Rs 14,198 crore.

Both foreign and domestic investors, on June 6, were net buyers in Indian equities, provisional data showed, even as the Nifty traded in a narrow range near record highs.

Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) made net purchases worth Rs 1,009 crore, buying shares worth Rs 15,208 crore and selling shares worth Rs 14,198 crore. Domestic Institutional Investors (DIIs) were significantly more active, with net purchases of Rs 9,342 crore. DIIs bought shares worth Rs 22,522.51 crore and sold shares worth Rs 13,180 crore.

Despite the day's positive flows, FIIs have remained net sellers in 2025 so far, offloading equities worth Rs 1.24 lakh crore. In contrast, DIIs have continued to support the market, with net purchases nearing Rs 3 lakh crore year-to-date.

Market Performance

The Indian equity market closed Friday’s session on a strong footing after the Reserve Bank of India delivered a surprise double dose of rate cuts, boosting investor sentiment across the board. The Nifty 50 rose to settle at 25,003, marking a fresh milestone, while the Bank Nifty surged past key resistance levels to end at 56,578.

The central bank slashed the repo rate by 50 basis points and the Cash Reserve Ratio (CRR) by 100 basis points, a more aggressive easing than markets had anticipated. The policy pivot, aimed at injecting liquidity and supporting growth, ignited a broad-based rally across rate-sensitive sectors and lifted overall market sentiment.

"The Nifty opened flat but witnessed strong buying interest post the RBI policy announcement and settled on a bullish note," said Hrishikesh Yedve, AVP – Technical and Derivative Research at Asit C. Mehta Investment Intermediaries. "The index formed a big bullish candle on both daily and weekly charts, signalling strength. As long as it holds above 24,500, a buy-on-dips strategy is advisable," he said.

Yedve added that sustaining above 25,120 could pave the way for a breakout towards the 25,500–25,800 zone.

Volatility also eased, with India VIX falling 3 percent to 14.63, suggesting greater comfort among traders heading into the next week.

Bank Nifty, which initially opened lower, rebounded sharply after the policy decision and broke out of a key resistance at 56,160. The index formed a rounding bottom pattern, a bullish technical setup, pointing to further upside potential towards 57,500 in the near term and 58,500 over the medium term, analysts noted.

The rally was supported by strong action in banking, realty, and auto stocks, while defensive sectors like FMCG and pharma saw relatively muted moves.

With the RBI’s decisive signal to bolster liquidity and growth, traders appear to be positioning for further upside, especially if key resistance levels are cleared in the coming sessions.