Foreign Institutional Investors Post Large Net Buying in Indian Equities

Market Performance: Indian Indices End Marginally Higher Amid Volatility

Foreign investors (FIIs/FPIs) net sold shares worth Rs 4,703 crore, and domestic institutional investors (DIIs) net bought shares worth Rs 5,869 crore on May 13. This trend marks a significant difference in the market performance between the two investor groups.

During the trading session, DIIs purchased shares worth Rs 18,873 crore and sold shares worth Rs 13,004 crore. In contrast, FIIs bought shares worth Rs 14,374 crore, but sold shares totalling Rs 19,077 crore. This disparity in buying and selling activity highlights the varying market sentiments between foreign and domestic investors.

For the year so far, FIIs have been net sellers of shares worth Rs 2.61 lakh crore, while DIIs have net bought shares worth Rs 3.26 lakh crore. This trend underscores the contrasting views of foreign and domestic investors on the Indian market.

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Market view

Indian benchmark indices ended marginally higher on 13 May after a highly volatile trading session, snapping a three-day losing streak amid elevated crude oil prices, persistent geopolitical concerns, and continued FII outflows. According to Bajaj Broking's note on today's market performance, the market witnessed sharp intraday swings, with the Nifty slipping to an intraday low of 23,262.55 before staging a strong recovery to touch a high of 23,582.95.

However, the index pared most of its gains during the final hour of trade due to profit booking at higher levels. At close, the Sensex advanced 49.74 points, or 0.07%, to settle at 74,608.98, while the Nifty gained 33.05 points, or 0.14%, to close at 23,412.60.

On the sectoral front, Nifty Metal, Oil & Gas, and Consumer Durables emerged as the top gainers, contributing positively to the market performance. On the other hand, weakness in Nifty IT and Auto stocks capped the overall upside, while the remaining sectors traded on a mixed note.

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Broader markets continued to outperform the frontline indices, with the Nifty Midcap 100 index rising 0.77% and the Nifty Smallcap 100 index gaining 0.31%, indicating selective buying interest in the broader market space.

Comparison of Buying and Selling Activity