FIIs invest Rs 1,993 crore; DIIs infuse Rs 3,504 crore as markets extend gains on June 9

FIIs invest Rs 1,993 crore; DIIs infuse Rs 3,504 crore as markets extend gains on June 9

Both foreign and domestic investors remained net buyers in Indian equities on June 9, provisional exchange data showed, extending the positive momentum seen in recent sessions.

Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) bought shares worth Rs 12,778.34 crore and sold shares worth Rs 10,785.47 crore, resulting in net inflows of Rs 1,992.87 crore. Domestic Institutional Investors (DIIs) continued their strong support, with net purchases of Rs 3,503.79 crore after buying shares worth Rs 15,306.03 crore and offloading Rs 11,802.24 crore.

Despite consistent inflows over the past few days, FIIs remain net sellers in 2025 so far, having pulled out over Rs 1.22 lakh crore from equities year-to-date.

In contrast, DIIs have absorbed much of the selling pressure, providing stability through nearly Rs 3.04 lakh crore in net purchases.

Market Performance

Indian equities extended their gains on June 9, buoyed by policy support and firm global cues. The Nifty50 closed 100 points higher at 25,103, up 0.4%, as investor sentiment remained upbeat following the Reserve Bank of India’s aggressive rate cut and the anticipation of progress in the upcoming US-China trade talks in London.

“The RBI’s twin move to cut the repo rate by 50 basis points and reduce the CRR by 100 basis points has acted as a strong liquidity booster,” said Siddhartha Khemka, Head – Research, Wealth Management at Motilal Oswal Financial Services. “This has fuelled renewed buying interest in rate-sensitive sectors like banking, NBFCs and auto.”

Nifty Bank and Nifty Financial Services indices rose 0.5% each, while the PSU Bank index outperformed with a 1.5% gain. Nifty IT also climbed 1%, mirroring the tech-led rally on the Nasdaq. Broader markets outshone the benchmarks, with the Nifty Midcap 100 and Smallcap 100 gaining 1.1% and 1.6% respectively.

Investor focus is now shifting to key macro triggers — the US CPI print for May, due Wednesday, followed by India’s inflation data on Thursday. Trade optimism also added to the rally, with US-India talks making progress on a potential tariff-reduction deal in agriculture and auto components ahead of a July 9 deadline.

Meanwhile, gold finance NBFCs are in focus after the RBI released milder-than-expected final guidelines on gold loans, particularly on the Loan-to-Value (LTV) norms, which could trigger stiffer competition between banks and NBFCs. Motor insurers also received a boost after IRDAI proposed an 18% hike in third-party premium rates, ending a four-year freeze.

“Select pharma and tyre stocks may benefit from anti-dumping duties on insoluble sulphur and Vitamin-A palmitate, adding to the broader tailwinds for Indian equities,” Khemka added. “We believe the market is likely to continue its gradual uptrend, aided by supportive monetary policy, strong Q4 earnings, a good monsoon forecast, and improving global trade sentiment,” he added.