FIIs sell equities worth Rs 1,583 crore, DIIs buy Rs 490-crore shares

Defence stock rose for the 3rd straight day with private defence stocks outperforming the PSU defence baskets

Foreign institutional investors (FIIs) were net sellers of Rs 490 crore on October 3, while domestic institutional investors (DIIs) were net buyers of Rs 1,583 crore, according to provisional exchange data.

During the session, DIIs purchased shares worth Rs 14,005 crore and sold Rs 13,516 crore while FIIs bought Rs 16,899 crore but sold Rs 18,482 crore.

Year-to-date for 2025, FIIs have withdrawn Rs 2.42 lakh crore, while DIIs have invested Rs 5.78 lakh crore.

Market Performance

Indian equities closed higher for the second straight session on Friday, buoyed by optimism from the Reserve Bank of India’s dovish stance and recent regulatory reforms. The Nifty50 gained 57 points (+0.2%) to end at 24,894, while the Nifty Midcap100 and Smallcap100 rose 0.8% and 0.7%, respectively.

Reflecting on the market performance, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services, said: Sectorally, most indices finished in the green. Nifty Metals (+1.8%), metals stocks saw increased activity on the back of higher metals prices, reduced supply while demand continue to remain strong. PSU Banks (+1.1%) also advanced, with RBI’s recent measures — ECL migration from Apr’27, lower risk-weights, deposit insurance revamp, and NBFC overlap clarity — strengthening resilience and capital efficiency while supporting credit growth.

Defence stock rose for the 3rd straight day with private defence stocks outperforming the PSU defence baskets. Capital goods sector remained under focus on the back of reiteration from the finance minister that the government’s commitment to increase capital expenditure to support growth remain intact. Quarterly updates from value fashion retailers that target middle-class and rural consumers, primarily in Tier-2 and Tier-3 cities showed strong performance on the revenue and SSSG growth.

"Overall, sector momentum has turned positive after GST rate cuts. Globally, investors await U.S. S&P Services PMI and Non-Manufacturing PMI data later today. Positive momentum is likely to sustain in the market, aided by accommodative monetary policy, a supportive monsoon season, and festive-led demand recovery," he said.

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