FIIs net sell Rs 7,558 crore in equities, DII net buy Rs 3,864 crore on March 19

For the year so far, FIIs have been net sellers of shares worth Rs 1.32 lakh crore, while DIIs have net bought shares worth Rs 1.94 lakh crore.

• FIIs sold Rs 7558 crore, DIIs bought Rs 3864 crore on March 19
• Sensex fell 2,497 points, Nifty dropped 776 points to 23,002
• Market sentiment hit by crude price rise and global tensions

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Foreign investors (FIIs/FPIs) net sold Rs 7558 crore worth of Indian equities on March 19. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 3864 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 16,927 crore and sold shares worth Rs 13,063 crore. In contrast, FIIs bought shares worth Rs 10,012 crore but sold shares totalling Rs 17,570 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.32 lakh crore, while DIIs have net bought shares worth Rs 1.94 lakh crore.

Market view

At close, the Sensex was down 2,497 points to end at 74,207, while the Nifty dropped 776 points to settle near the 23,000 mark at 23,002.

Also read: Bloodbath on D-Street: Sensex settles 2,500 pts lower, Nifty ends at 23k; 6 key factors behind decline after 3 days

On today’s market, Ajit Mishra, SVP, Research, Religare Broking noted that the markets witnessed a sharp sell-off, reversing the recent recovery trend amid weak global cues and heightened geopolitical tensions. “The sharp rise in crude oil prices—driven by escalating tensions in the Middle East and concerns over supply disruptions—pushed prices closer to the $119 mark, adding to the negative sentiment. Furthermore, a hawkish stance from the U.S. Federal Reserve, along with continued foreign institutional investor outflows, weighed heavily on market sentiment. Additional pressure came from rupee weakness and rising concerns over inflation and economic growth,” he said.

Mishra added that given the current market environment, participants are advised to align their positions with the prevailing trend. “It is prudent to prefer option strategies over naked positions in the benchmark, while adopting a selective approach in stock-specific trades, with a strong emphasis on managing overnight risk,” he said.