On July 18, Foreign Portfolio Investors (FPIs) were net buyers to the tune of Rs 374 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 2,103 crore worth of shares, according to provisional NSE data.
DIIs purchased equities worth Rs 14,451 crore and offloaded shares amounting to Rs 12,347 crore. FPIs, on the other hand, bought stocks worth Rs 15,430 crore while selling Rs 15,056 crore.
For the year so far, FIIs have been net sellers of equities worth Rs 1.32 lakh crore and DIIs were net buyers worth Rs 3.69 lakh crore.
Market Performance
Indian equity markets closed lower for the third consecutive week, with the Nifty50 slipping 143 points on Friday to end at 24,968, down 0.6 percent, and breaking below the psychological 25,000 mark. The index lost 2.6 percent for the week, as early earnings trends and global trade uncertainties weighed on investor sentiment.
“The early trend in Q1 results has been muted, with management commentary reflecting caution amid global uncertainty, which is weighing on market sentiments,” said Siddhartha Khemka, Head of Research – Wealth Management at Motilal Oswal Financial Services.
Broader markets mirrored the weakness, with the Nifty Midcap 100 and Smallcap 100 indices shedding between 0.7–0.8 percent. Sectorally, the pressure was led by private banks, with the index falling 1.5 percent, dragged largely by Axis Bank, which reported rising NPAs and earnings that missed expectations.
“The prolonged wait for the India–US trade deal ahead of the looming August 1 tariff deadline is also keeping investors on the sidelines,” Khemka added.
Meanwhile, defence stocks continued to see profit-booking, pulling the Nifty India Defence index over 2 percent lower. The IT sector ended flat, with results from Wipro, Tech Mahindra, and L&T Technology Services coming in below par, alongside tepid outlooks.
Looking ahead, all eyes will be on key Q1 numbers from HDFC Bank and ICICI Bank, due over the weekend, which could set the tone for the financial sector next week. Other major earnings lined up for Monday include Ultratech Cement, Eternal, IDBI Bank, Havells, and Oberoi Realty.
“Overall, we expect markets to remain in consolidation mode amid continued global trade uncertainty and a subdued start to the Q1FY26 earnings season,” Khemka said.
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