FPIs Stay Net Sellers For Fifth Session
So far in the year, the FPIs have sold equities worth Rs 88,139 crore.
Foreign portfolio investors stayed net sellers of Indian equities for the fifth straight session on Tuesday as they offloaded stocks worth approximately Rs 4,486 crore.
Domestic institutional investors stayed net buyers for the fifth straight session as they mopped up equities worth Rs 4,002 crore, according to provisional data from the National Stock Exchange.
The FPIs sold stocks worth Rs 2,302.4 crore on Monday. In February, the FPIs sold Rs 10,112 crore so far. So far in the year, the FPIs have sold equities worth Rs 88,139 crore. In January, the FPIs sold equities worth Rs 78,027 crore, according to the National Securities Depository Ltd.'s data.
The Indian equity benchmark indices closed lower, taking the steepest fall in three weeks. The NSE Nifty 50 ended 309.80 points or 1.32% down at 23,071.80, and the 30-stock BSE Sensex ended 1,018.20 points or 1.32% lower at 76,293.60.
"Nifty is trading at 23,071, below the 23,250 resistance. It has to cross these levels in the short term to halt further sell-offs. The market is under pressure as FIIs have pulled out money since January 2025, attracted by US bond yields at 4.49% and a strong dollar," said Karthick Jonagadla, smallcase manager and founder and CEO of Quantace Research.
