FIIs net sell Indian equities worth Rs 10,414 crore, while DIIs net buy Rs 12,034 crore on March 23

FIIs, DIIs flow on March 23

• FIIs net sell Indian equities worth Rs 10,414 crore
• DIIs net buy Rs 12,034 crore worth shares
• In 2026, FII net sold worth Rs 1.47 lakh crore, DIIs net bought Rs 2.11 lakh crore

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Foreign investors (FIIs/FPIs) net sold Rs 10,414 crore worth of Indian equities on March 23, 2026, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) net bought shares worth Rs 12,034 crore.

FIIs selling was the biggest since March 13, and the DIIs buying was the largest since March 16.

During the session, DIIs purchased shares worth Rs 25,953 crore and sold Rs 13,919 crore. Meanwhile, FIIs bought shares worth Rs 10,331 crore but sold Rs 20,745 crore.

For the year so far, FII/FPIs have net sold worth Rs 1.47 lakh crore of Indian equities while DIIs have net bought Rs 2.11 lakh crore.

Market Performance

"Investor sentiment turned cautious following Trump’s 48-hour ultimatum to Iran on the Strait of Hormuz. Rising global bond yields signalled heightened inflation and fiscal concerns, while the rupee falling to a record low further pressured markets and triggered FII outflows," Vinod Nair, Head of Research at Geojit Investments said.

The benchmark indices started off the week on a disappointing note, with the Nifty 50 falling 602 points (2.60 percent) to 22,513 and the BSE Sensex declining 1,837 points (2.46 percent) to 72,696, tracking correction in global markets amid escalated US-Iran tensions and concerns over potential disruptions to global energy supplies. The broader markets also hit hard by bears, with the Nifty Midcap and Smallcap 100 indices down 3.9 percent each.

Broad-based selling was observed across sectors, with metals, realty, and consumer durables leading the losses.

In the near term, markets are likely to remain risk-averse until there is greater clarity on de-escalation, though the correction is offering selective long-term opportunities for investors, according to Vinod Nair.

Meanwhile, the India VIX rose 17.17 percent to 26.73, its highest level since early June 2024, signalling elevated near-term uncertainty.

"Going ahead, markets appear to be navigating a phase of heightened stress, with sentiment increasingly dictated by geopolitical developments and energy price volatility. Market conditions are likely to remain fragile, with elevated volatility and downside risks persisting in the near term," Siddhartha Khemka - Head of Research, Wealth Management at Motilal Oswal Financial Services said.

However, after-market hours on Monday, the President Donald Trump said USA and Iran have had very good & productive conversations in last 2 days, and he instructed Department of War to postpone any & all military strikes against Iranian power plants for 5 days, subject to success of ongoing meetings & discussion.