FIIs net buyers worth Rs 1,970 crore, DIIs add Rs 246 crore on April 21

Benchmark indices Nifty and Sensex extended their winning streak to a fifth consecutive session on April 21, after strong Q4 earnings from major lenders like ICICI Bank and HDFC Bank gave investors a significant momentum boost.

Foreign investors extended their buying streak for the fourth straight session on April 21, while domestic institutions snapped a three-day selling spell to return to the buy side. FIIs net bought shares worth Rs 1,970 crore, with DIIs adding Rs 246 crore to the tally.

During the trading session of April 21, FIIs bought shares worth Rs 11,711 crore and sold shares worth Rs 9,741 crore. DIIs purchased shares worth Rs 15,619 crore and sold shares worth Rs 15,373 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.58 lakh crore, while DIIs have net bought Rs 1.99 lakh crore worth of shares.

Market Performance

Benchmark indices Nifty and Sensex extended their winning streak to a fifth consecutive session on April 21, after strong Q4 earnings from major lenders like ICICI Bank and HDFC Bank gave investors a significant momentum boost. The rally has also been fuelled by sustained foreign inflows, with FIIs remaining net buyers for the past three trading sessions.

Among sectors, Nifty Bank stole the spotlight, hitting a record high of 55,461 following robust results from ICICI Bank, HDFC Bank, and Yes Bank. Nifty IT gained 2.5 percent, led by Tech Mahindra and HCL Tech. Nifty Auto also advanced over 2 percent, with Metal, Oil & Gas, PSU Banks, and Realty indices rising more than 2 percent each. On the downside, Nifty FMCG slipped nearly a percent, dragged by ITC, HUL, and Varun Beverages.

The broader market outperformed the frontline indices, with the Nifty Midcap 100 and Smallcap 100 rising 2.5 and 2.2 percent, respectively. Vakil noted that while large caps have led the rally so far, mid- and small-cap stocks are now well-positioned to outperform in the near term.

"Easing retail and wholesale inflation figures served as the primary catalyst for market optimism, reinforcing expectations of policy stability. This macro tailwind, coupled with healthy corporate earnings—especially from large private banks—helped the benchmark indices maintain upward momentum," said Devarsh Vakil, Head of Prime Research at HDFC Securities.