FIIs net sell Indian equities for Rs 6,769 crore, while DIIs pump in Rs 7,068 crore

Indian equities ended lower on Friday as volatility persisted throughout the session, with the Nifty50 declining by 156 points (-0.6%) to close at 25,722. Reflecting on today's market performance, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services, said "Markets opened positive but soon witnessed selling pressure amid mixed global cues. While upbeat domestic earnings and easing global trade tensions offered interim support, profit booking across heavyweights limited any sustained recovery."

State-run banks outperformed, with the Nifty PSU Bank index rising 1.8%. Buying interest persisted following reports earlier this week suggesting that the government is considering to allow up to 49% FDI in public sector banks, more than double the current 20% cap. The broader markets remained largely in line with benchmarks, as the Nifty Midcap100 and Smallcap100 slipped 0.1% and 0.2%, respectively.

He adds that going ahead, markets are likely to remain range-bound with a positive bias as investors monitor global developments, foreign fund flows, and next week’s focus will also be on monthly auto sales figures, which will offer cues on festive-season demand trends, alongside quarterly results from SBI, Bharti Airtel, Titan, and Tata Chemicals. Resilient domestic fundamentals continue to offer support, even as external uncertainties may cap near-term upside.

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