FIIs offload shares worth Rs 1,681 crore; DIIs net buy Rs 3,578 crore

FIIs offload shares worth Rs 1,681 crore ; DIIs net buy Rs 3,578 crore

On July 21, Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 1,681 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 3,578 crore worth of shares, according to provisional NSE data.

DIIs purchased equities worth Rs 13,793 crore and offloaded shares amounting to Rs 10,215 crore. FPIs, on the other hand, bought stocks worth Rs 10,823 crore while selling Rs 12,504 crore.

For the year so far, FIIs have been net sellers of equities worth Rs 1.33 lakh crore and DIIs were net buyers worth Rs 3.73 lakh crore.

Market Performance

The Nifty50 closed 122 points higher at 25,091 (+0.5 percent) on Monday, supported by strong earnings from banking heavyweights HDFC Bank and ICICI Bank, which helped offset weakness in energy counters. Banking and financial services stocks led the rally, with both sectoral indices rising over 1 percent, reflecting investor optimism around private lender performance in Q1.

However, gains were capped by losses in the Nifty Oil & Gas index, which declined 1 percent, dragged down by Reliance Industries after reports suggested softness in its Oil-to-Chemicals (O2C) segment ahead of its results later this week.

Midcaps continued to attract steady inflows, with the Nifty Midcap100 advancing 0.6 percent, while the Smallcap100 index ended flat, indicating selective buying in the broader market.

On the global front, India and the US concluded the fifth round of talks on the proposed Bilateral Trade Agreement (BTA). While discussions made progress, key issues such as automobiles and agriculture remain unresolved. Markets are expected to track the outcome of these talks closely, especially as both sides aim to reach a deal before the August 1 tariff deadline set by the US.

“The market is likely to remain range-bound in the near term, with direction driven by ongoing Q1 earnings and signals from India-US trade negotiations,” said a senior analyst at a domestic brokerage.

Key earnings to watch on Tuesday include Colgate-Palmolive, JSW Infrastructure, Dixon Technologies, and Paytm, among others.