FIIs sell Rs 2,519 crore worth of shares; DIIs buy Rs 3,759 crore on April 11

US President Donald Trump’s 90-day pause on tariffs brought cheer to Dalal Street, lifting investor sentiment and driving a rally in the benchmark indices. On April 11, both the Sensex and Nifty rose almost 2 percent, marking a strong rebound in the equity markets.

Foreign investors offloaded Indian shares worth Rs 2,519 crore on April 11, marking their ninth consecutive session of selling. Meanwhile, domestic institutions stepped in yet again, stacking up stocks worth Rs 3,759 crore.

During the trading session of April 11, FIIs bought shares worth Rs 18,058 crore and sold shares worth Rs 20,578 crore. DIIs purchased shares worth Rs 14,129 crore and sold shares worth Rs 10,370 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.74 lakh crore, while DIIs have net bought Rs 2.06 lakh crore worth of shares.

Market Performance

US President Donald Trump’s 90-day pause on tariffs brought cheer to Dalal Street, lifting investor sentiment and driving a rally in the benchmark indices. On April 11, both the Sensex and Nifty rose almost 2 percent, marking a strong rebound in the equity markets.

The day saw widespread buying across sectors, with metal and pharma stocks leading the gains. Meanwhile, the market's fear barometer, India VIX, declined sharply by 6.21 percent, indicating easing investor anxiety.

However, for the holiday-truncated week, Nifty and Sensex were down 0.5 percent each. Barring Nifty FMCG which gained more than 3 percent for the week, all other sectors nosedived in then negative territory. Nifty Realty and Nifty Metal indices were the worst performers for the week, declining in the range of 3-4 percent.

"The rally is unlikely to sustain beyond a point given the elevated uncertainty in global markets. President Trump’s retreat from the reciprocal tariffs imposed on countries except China was forced by the US bond market where instead of safe-haven buying in US treasuries, there was big selling, pushing the 10-year bond yield up to 4.5 percent, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

He added that there is no room for a sustained rally in the market in the present uncertain context. But investors can take relief from the fact that Indian macros are good and we are one of the least impacted countries in this trade war.