FIIs flip to net sellers after a three-day run; DIIs buy nearly ₹5,000 crore
AI Market Summary
Foreign investors turned net sellers of Indian equities, snapping a three-day buying streak, while domestic institutions offset flows with nearly ₹50bn of net buying. Benchmark indices closed lower, weighed by weakness in a large financial name and Bharti Airtel after Temasek-related commentary. The cross-current in flows points to near-term churn in Indian risk assets, with sector rotation driven by policy expectations.
Impact level
● Medium
AI InsightAI Insight
● Neutral
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Foreign institutional investors (FIIs) turned net sellers in Indian equities on Thursday, offloading ₹2.98 billion and snapping a three-session buying streak. Domestic institutional investors (DIIs) moved the other way, recording net purchases of almost ₹50 billion.
Benchmark indices Sensex and Nifty ended lower. Sentiment weakened as a Reliance Industries group financial company declined, while Bharti Airtel came under pressure following statements linked to Temasek. Policy expectations also drove swings across select financial and jewellery stocks.
