FIIs clock biggest buy in 3 weeks with Rs 5,393 crore inflow; DIIs sell Rs 1,668 crore

In a striking reversal, bulls made a powerful comeback on Dalal Street, propelling the Nifty past the 25,000 mark for the first time since October 2024, ending a 141-session wait.

Foreign institutional investors (FIIs) were net buyers to the tune of Rs 5,393 crore in Indian equities on May 15, clocking the biggest single-day purchase in three weeks. Meanwhile, domestic institutional investors (DIIs) also dumped Rs 1,668 crore, provisional data from the NSE showed.

During the trading session of May 15, FIIs bought shares worth Rs 21,412 crore and sold shares worth Rs 16,019 crore. DIIs purchased shares worth Rs 14,749 crore and sold shares worth Rs 16,418 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.19 lakh crore, while DIIs have net bought Rs 2.25 lakh crore worth of shares.

Market Performance

In a striking reversal, bulls made a powerful comeback on Dalal Street, propelling the Nifty past the 25,000 mark for the first time since October 2024, ending a 141-session wait. The sharp surge was driven by strong gains in auto, IT, and metal stocks, adding a massive Rs 4.72 lakh crore to investors’ wealth on May 15 alone. Furthermore, in Doha, US President Donald Trump said India had offered a zero-tariff trade deal to the United States, boosting the sentiment further.

"The earnings have been largely in line with expectations across key sectors like banking, auto, and IT. While there are a few misses, the broader trend is stable. With results mostly behind us, the element of uncertainty has reduced. A normal-to-above-normal monsoon forecast is a big positive for consumption-led sectors. Inflation is under control, and global tariff tensions—particularly those linked to Trump—have eased, creating a calm environment for investors," said Rajesh Palviya, Head of Technical Research at Axis Securities.

Leading the sectoral rally were auto, real estate, and metal indices. Nifty Auto soared 2.08 percent, followed by a 1.76 percent rise in Nifty Realty and a 1.62 percent jump in Nifty Metal. Media and infrastructure stocks also saw heavy buying, with their indices gaining 1.69 percent and 1.49 percent, respectively. The Nifty Bank index rose 1.04 percent, led by private lenders and oil & gas names, both of which rose over 1 percent.

Hero MotoCorp, JSW Steel, HCL Tech, Tata Motors, and Trent were among the top gainers on the Nifty. IndusInd Bank was the only stock trading in the red.