FIIs sell shares worth Rs 171.4 billion, DIIs pick up Rs 97.8 billion equities: Analyst
Brent crude prices remained high amid persistent supply concerns, particularly around the critical Strait of Hormuz, keeping energy markets in focus
Foreign Institutional Investors (FIIs) continue to offload Indian equities; it remained net sellers during last week as it sold Rs 171.4 billion based on provisional exchange data, according to Pabitro Mukherjee, Associate Vice-President– Research, Bajaj Broking.
On the other hand, Domestic Institutional Investors (DIIs) provided strong support to the market, emerging as net buyers during last week with investments totalling Rs 97.8 billion based on provisional exchange data.
The month-to-date trend remains the same for the 10th consecutive months, with FIIs in the month of April till date having pulled out a substantial Rs 563.6 billion from Indian equities, while DIIs have infused Rs 394.8 billion during the same period, as per provisional exchange data.
Mukherjee highlighted that the geopolitical news continues to dominate Institutional flows with President Donald Trump extending the US-Iran ceasefire until Tehran presents a unified proposal to end the conflict with the US and Israel.
It has briefly reduced concerns about geopolitical escalation but is likely to keep uncertainty elevated over a longer period. FIIs remained net sellers for all the five trading sessions last week, with the quantity of selling increasing in the second half of the week.
Meanwhile, Nifty snapped its two weeks’ winning streak and closed down by around 2 per cent with sharp decline seen in the second half of the week. Market sentiment remained cautious as clarity on the geopolitical tension and the trajectory of negotiations is still lacking.
Brent crude prices remained high amid persistent supply concerns, particularly around the critical Strait of Hormuz, keeping energy markets in focus.
Looking ahead, institutional activity is expected to be driven mainly by global news flows, with developments in US–Iran negotiations remaining a key monitorable due to their potential impact on geopolitical stability and global energy markets.
The US FOMC and Bank of Japan rate decision followed by central bank commentary are also scheduled for next week which will also have an impact on the global equity market and institutional activity.
