FIIs net sell shares worth Rs 4346 crore, DIIs net buy Rs 3935 crore on January 16

Bombay Stock Exchange

Foreign investors (FIIs/FPIs) net sold Rs 4346 crore worth of Indian equities on January 16. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 3935 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 19135 crore and sold shares worth Rs 15200 crore. In contrast, FIIs bought shares worth Rs 20156 crore but sold shares totalling Rs 24506 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 21,702 crore, while DIIs have net bought shares worth Rs 30,140 crore.

Market Performance

Indian equities ended the week with marginal gains, as sentiments oscillated between optimism over renewed India–US trade discussions and caution stemming from persistent geopolitical tensions. The investors gave more attention towards Q3 earnings, where the initial numbers from IT and banks provide a layer of confidence on growth and demand. The prolonging geopolitical tensions turned FIIs more risk averse in emerging markets and added upward pressure on bond yields.

Sectorally, PSU banks and metals outperformed, while pharma, consumer durables, and auto dragged.  On the earnings front, the IT sector gained attention after the industry’s bellwether revised its revenue guidance upward, while the broader IT space reported better-than-expected earnings growth. The banking sector also delivered encouraging trends, with early results showing continued improvement in asset quality alongside better earnings performance.

Vinod Nair, Head of Research, Geojit Investments, said, "Collectively, these developments set a constructive tone for the Q3FY26 season and continue to strengthen investor confidence in domestic earnings recovery. Looking ahead, market sentiment is likely to be shaped by key global macro indicators, including U.S. PCE inflation, GDP prints, and jobless claims data, which will offer cues on the Federal Reserve’s rate outlook. Domestically, PMI readings and progress in earnings season and management commentary will be closely watched for near-term direction for the market."