Foreign portfolio investors stayed net sellers of Indian equities for the fourth straight day on Monday as they offloaded stocks worth approximately Rs 2,463.72 crore.
Domestic institutional investors stayed net buyers for the fourth straight session as they mopped up equities worth Rs 1,515.52 crore, according to provisional data from the National Stock Exchange.
The FPIs sold stocks worth Rs 610.65 crore on Friday. So far in the year, the FPIs have sold equities worth Rs 85,841 crore. In January, the FPIs sold equities worth Rs 78,027 crore, according to the National Securities Depository Ltd.'s data. While, in February, the FPIs sold Rs 7,814 crore so far.
The Indian equity benchmark indices closed lower, as realty stocks dragged most. The NSE Nifty 50 ended 182.85 points, or 0.78% down at 23,377.10, and the 30-stock BSE Sensex ended 548.39 points, or 0.70% lower at 77,311.80.
The NSE Nifty Bank also closed lower at 49,981, down 0.35% by 177.85 points.
"Indian equity markets remain under pressure due to persistent FII selling, largely driven by US factors—particularly Trump policy uncertainty—rather than domestic challenges. Despite the RBI's rate cut and a pro-growth Union Budget, foreign inflows have yet to recover," said Vikas Gupta, CEO and chief investment strategist, OmniScience Capital.
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