FIIs net sell shares worth Rs 3484 crore, DIIs net sell Rs 1720 crore

At close, the Sensex was down 930.67 points or 1.22 percent at 75,364.69, and the Nifty was down 345.65 points or 1.49 percent at 22,904.45. All sectoral indices ended in the red, including the pharma index, which lost 4 percent after US President Trump hinted that pharmaceuticals too are under consideration for trade tariffs.

FIIs/FPIs, on April 4, net sold Rs 3484 crore worth of equities. Domestic institutional investors also net sold Rs 1720 crore worth of equities. This comes as global markets see selling as concerns on "Trade Wars" escalate following US President Trump's tariff announcements.

According to provisional data from the exchanges, FIIs bought Rs 14,454 crore and sold Rs 16,175 crore. Meanwhile, DIIs picked up Rs 13,947 crore in shares and dropped Rs 17,431 crore worth of equity in the session.

Market Outlook

At close, the Sensex was down 930.67 points or 1.22 percent at 75,364.69, and the Nifty was down 345.65 points or 1.49 percent at 22,904.45. All sectoral indices ended in the red, including the pharma index, which lost 4 percent after US President Trump hinted that pharmaceuticals too are under consideration for trade tariffs.

The biggest losers on the Nifty included Tata Steel, Hindalco Industries, ONGC, Tata Motors, Cipla, while gainers were Bajaj Finance, Tata Consumer, HDFC Bank, Apollo Hospitals and Nestle India.

On the sectoral front, all indices closed in the red.

Ajit Mishra – SVP, Research, Religare Broking Ltd noted that the markets came under pressure and declined by nearly one and a half percent, largely weighed down by weak global cues. "The sharp fall in global markets—particularly in the US—and fresh concerns over potential tariffs on pharma impacted sentiment negatively. However, sustained strength in banking and financial stocks helped limit the overall downside to some extent. Looking ahead, we anticipate a time-wise correction in the Nifty index," he said adding that traders are advised to stay focused on stock selection and adopt a hedged strategy until further clarity emerges.

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