FIIs exit with Rs 634 crore selloff, DIIs step in with Rs 2,261 crore buying

FIIs offload equities worth Rs 634 crore while DIIs buy Rs 2,261 crore, on Aug 19

Foreign investors (FIIs/FPIs) turned net sellers again on Tuesday, after a day of buying, offloading Indian equities worth Rs 634 crore. Domestic institutional investors (DIIs), meanwhile, sustained their support with net purchases of Rs 2,261 crore, according to provisional exchange data.

During the trading session, FIIs bought shares worth Rs 12,604 crore and sold shares worth Rs 13,238 crore. DIIs purchased equities worth Rs 11,881 crore while selling shares worth Rs 9,620 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.90 lakh crore, while DIIs have net bought Rs 4.70 lakh crore worth of shares.

Market Performance

Markets extended gains on Tuesday with the Nifty ending at 24,988, up 0.46%, after a volatile session. A late rebound helped the index recover from intra-day weakness, while autos, FMCG and energy stocks led the upmove. Midcaps and smallcaps also added to the momentum, rising up to 1%, though pharma saw some profit booking.

Ajit Mishra, SVP – Research at Religare Broking, said, “After a flat start, the Nifty gradually moved up in the first half but once again failed to cross the 25,000 hurdle and slipped lower. However, a rebound in the final hours lifted the index back near the day’s high. The auto pack remained buoyant on optimism over proposed GST reforms, followed by strength in FMCG and energy, while pharma saw mild profit-booking.”

He added that resilient sentiment, policy tailwinds and sustained buying in heavyweights are keeping the trend positive, though geopolitical and trade-related developments could act as headwinds. Mishra recommends a “buy-on-dips” strategy as long as the Nifty holds above 24,750, with an upside potential toward 25,250 in the near term.