Foreign portfolio investors stayed net sellers of Indian equities for the fourth straight day on Monday as they net offloaded stocks worth approximately Rs 6,286.7 crore.
Domestic institutional investors stayed net buyers for the 14th straight session as they mopped up equities worth Rs 5,185.65 crore, according to provisional data from the National Stock Exchange.
The net-selling by overseas investors was higher on Monday as compared to the preceding session, when they had net offloaded equities worth Rs 3,449.15 crore.
In February so far, the FPIs have net offloaded equities worth Rs 27,141 crore, according to the National Securities Depository Ltd.'s data. This was preceded by net selling of Rs 78,027 crore in January.
In 2025 so far, they have sold equities worth Rs 1.05 lakh crore, the NSDL data showed.
Indian benchmark indices extended their losses for the fifth consecutive session on Monday to end at the lowest since June 2024 as information technology and metal stocks dragged the indices.
The NSE Nifty 50 ended 242 points or 1.06% lower at 22,553.3, while the BSE Sensex closed 856.65 points or 1.14% down at 74,454.41.
Immediate support for NSE Nifty 50 is seen at 22,450, according to Rupak De, senior technical analyst at LKP Securities. A drop below this level could trigger a further correction toward 22,200 or lower, he said.
"On the upside, immediate resistance is observed in the 22,670-22,700 range," the analyst added.
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