Foreign investors (FIIs/FPIs) net sold Rs 1305 crore worth of Indian equities on Friday. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 1821 crore, according to provisional exchange data.
DIIs purchased shares worth Rs 8,812 crore and sold shares worth Rs 10,633 crore. In contrast, FIIs bought shares worth Rs 8,096 crore, but sold shares totalling Rs 9,401 crore.
For the year so far, FIIs have been net sellers of shares worth Rs 2.15 lakh crore, while DIIs have net bought shares worth Rs 5.24 lakh crore.
Market view
At close, the Sensex was down 7.25 points or 0.01 percent at 80,710.76, and the Nifty was up 6.70 points or 0.03 percent at 24,741. On the sectoral front, realty, FMCG, IT indices were down 1 percent each, while auto index was up 1.3 percent and media, metal were up 0.5 percent each. M&M, Eicher Motors, Maruti Suzuki, Dr Reddy's Laboratories and Power Grid were among major gainers on the Nifty, while losers are ITC, TCS, Cipla, HCL Technologies, Cipla.
On the market this week, Vinod Nair, Head of Research, Geojit Investments Limited noted that Indian equities opened the week on a strong note but gradually lost steam, ending subdued as optimism around GST rationalisation faded and global trade tensions resurfaced.
“The IT sector faced the sharpest pressure amid concerns of reduced discretionary spending, driven by economic uncertainty, elevated rates, and geopolitical risks. In contrast, consumer-focused sectors such as Auto and FMCG advanced, supported by expectations that GST cuts will boost domestic consumption and aid demand recovery,” he said.
Looking ahead, he believes that sentiment is likely to remain mixed. “Domestic growth-linked sectors stand to benefit from GST relief, resilient consumption, and government spending, while uncertainty over global trade negotiations continues to restrain risk appetite. A multi-asset investment strategy is expected to gain traction in this environment. Market attention remains firmly on the upcoming US jobs report, a key macro trigger that could shape expectations for a potential Fed rate cut. Also, investors will closely track key macro cues, including US nonfarm payrolls, unemployment and inflation data, as well as the ECB’s rate decision, for direction in the week ahead,” he said.
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