Foreign portfolio investors stayed net sellers of Indian equities for the third day in a row on Wednesday as they offloaded stocks worth Rs 1,721.3 crore, according to provisional data shared by the National Stock Exchange of India.
On Tuesday they had sold shares worth Rs 1,794.8 crore, while on Monday, they had broken their three-day purchasing streak and sold Indian equities worth Rs 457 crore.
The year 2025 has marked a major exodus of FPIs from the Indian market, with analysts attributing the exit to the decline in rupee's value.
Year-to-date, the foreign investors have net offloaded Indian equities worth Rs 1.56 lakh crore, as per the data provided by the National Securities Data Ltd. The sell-off sharpened in August, with FPIs selling over Rs 35,000-crore shares.
So far in December, the overseas investors have sold close to Rs 14,000 crore worth of Indian equities. In comparison, the net selling stood at Rs 3,765 crore in November, whereas they were net buyers of equities worth Rs 14,610 crore in October.
In stark contrast to this, domestic institutional investors extended their buying spree further. The DIIs, who have been net buyers for over 40 sessions, mopped up equities worth Rs 2,381.34 on Wednesday.
On Tuesday they had bought stocks worth Rs 3,812.37 crore while on Monday, they had bought Rs 4,058 crore worth of equities.
Market Recap
The benchmark Indian stock market indices ended on a less merrier note after trading higher intra-day on Christmas eve. The Nifty 50 ended 0.13% lower at 26,142.10 while BSE Sensex closed 0.14% lower at 85,408.70.
Most sectoral indices fell with Nifty oil and gas and Nifty IT leading the decline, while Nifty Media and Nifty Defence were among the gainers. Nifty media emerged as top sectoral gainer.
Shriram Finance, Trent, Maruti Suzuki, Apollo Hospital and UltraTech emerged as the top gainers for the day.
On the other hand, Reliance Industries, ICICI Bank, Sun Pharma, HDFC Bank and InterGlobe Aviation were the worst performers of the Nifty 50 index.
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