FIIs turn net buyers of Indian equities worth Rs 1172 crore, DIIs net buy equities worth Rs 769 crore

FIIs turn net buyers of Indian equities worth Rs 1172 crore, exceeding DIIs at Rs 769 crore

On Wednesday, December 17, Foreign Portfolio Investors/Foreign Institutional Investors (FPIs/FIIs) were net sellers of Indian equities worth Rs 1172 crore. Meanwhile, Domestic Institutional Investors (DIIs) acquired equities worth Rs 769 crore, as per data available on the exchanges.

FPIs/FIIs bought shares worth Rs 12,802 crore, while selling a higher amount of Rs 11,630 crore. As for DIIs, buying stood at Rs 10,753 crore, while selling was lower at Rs 9,984 crore.

For the year so far, FII/FPIs remain net sellers, having offloaded Indian equities worth Rs 2.79 lakh crore. On the other hand, DIIs have added significant strength to the market, with their cumulative buying reaching Rs 7.48 lakh crore during the same period - the highest ever in a single year.

Indian equity benchmarks closed lower on Wednesday as cautious sentiment prevailed amid weak global cues and the profit booking and FII selling. The Sensex slipped 120 points to close at 84,559.65, while the Nifty 50 declined 42 points to settle at 25,818.55, ending below the 25,850 mark.

Reflecting on the same, Vikram Kasat, Head Advisory, PL Capital, said, "Early gains were erased as selling pressure in heavyweight financial stocks weighed on the indices. The Nifty Bank index also ended lower, falling 108 points to close at 58,927, as profit-taking emerged in select large lenders. Broader markets underperformed the benchmarks, with the Nifty Midcap index sliding 322 points to 59,389, while the smallcap index shed nearly 1%, keeping overall market breadth firmly tilted towards declines. Selling pressure was broad-based, with most sectoral indices ending in the red. Private banks, realty, consumer durables, FMCG and healthcare stocks declined in the range of 0.4 to 1%, while the media index fell 2%. In contrast, the PSU Bank index gained 1.2%, offering limited support to the market."