Foreign portfolio investors stayed net sellers of Indian equities for the 17th straight session on Monday as they sold stocks worth Rs 5,015.5 crore.
Domestic institutional investors were net buyers for the 28th consecutive session as they mopped up equities worth Rs 6,642.2 crore, according to provisional data from the National Stock Exchange.
The FPIs sold stake worth Rs 2,890 crore on Friday, according to the National Securities Depository Ltd. So far in January, the FPIs have sold equities worth Rs 67,022 crore, according to the NSDL.
The Indian benchmark stock market indices settled at the lowest level in over seven months on Monday as they extended losses to a second session in a row. The market cap of the Nifty 50 companies fell by Rs 2.4 lakh crore to Rs 182.07 lakh crore.
The NSE Nifty 50 ended 263.05 points or 1.14% down at 22,829.15, and the 30-stock BSE Sensex closed 824.29 points or 1.08% lower at 75,366.17. The two frontline indices posted their lowest level since June 5, 2024.
The NSE Nifty Bank index also declined to the lowest level in over seven months during the session. The index ended 0.63% down at 48,064.65.
"With global market weakness and anxiety around Trump's trade policy, Indian equities are expected to remain under pressure in the near term," Siddhartha Khemka, head of research at wealth management at Motilal Oswal Financial Services Ltd. "Investors will closely monitor the upcoming Q3 results, Federal Reserve's stance and India's budget announcements during this six-day trading week for further cues."
Since October 2024, the FPIs have majorly been net sellers as they offloaded stocks worth Rs 7,292.3 crore. The DIIs stayed net buyers during the period and bought stocks worth Rs 5.32 lakh crore, according to provisional data from the NSE compiled by NDTV Profit.
In December alone, however, the FPIs were net buyers, having mopped up Indian equities worth Rs 15,446 crore, according to NSDL data.
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