FIIs net sell shares worth Rs 2806 crore, DIIs net buy Rs 221 crore

On April 3 amidst announcements of reciprocal tariffs by the US government, FIIs/FPIs net sold Rs 2806 crore worth of equities. Domestic institutional investors also net bought Rs 221 crore worth of equities. Total net selling in last 4 days has been Rs 14,599 crore.

According to provisional data from the exchanges, FIIs bought Rs 9,682 crore and sold Rs 12,488 crore. Meanwhile, DIIs picked up Rs 11,567 crore in shares and dropped Rs 11,346 crore worth of equity in the session.

Also read: Taking Stock: Nifty at 23,250, Sensex falls on Trump tariff, IT sinks on growth fear but pharma exempted

For the year so far, FIIs have been net sellers of shares worth Rs 1.5 lakh crore, while DIIs have net bought Rs 1.85 lakh crore worth of shares.

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Market Outlook

At close, the Sensex was down 322.08 points or 0.42 percent at 76,295.36, and the Nifty was down 82.25 points or 0.35 percent at 23,250.10. Broader indices outperformed the benchmarks, with BSE Midcap index rising 0.3 percent and Smallcap index adding 0.7 percent in trade.

TCS, HCL Technologies, Tech Mahindra, Infosys, ONGC were among major losers on the Nifty, while gainers included Power Grid Corp, Sun Pharma, UltraTech Cement, Cipla, Shriram Finance.

Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd noted that overall, the impact of reciprocal tariffs on India will be limited on a national basis. "There is possibility that the impact could further be reduced as India is in the process of negotiating a bilateral agreement with the U.S," he said adding that with the major event now done-with, market focus will now shift towards the RBI’s monetary policy on 9th April and the Q4FY25 earnings season kicking off from next week.