Foreign Institutional Investors Record Net Sell of Rs 2078 Crore in Equities, Domestic Institutional Investors Sell Rs 1048 Crore in Shares on April 22

Market Turbulence Continues: Foreign Investors Sell Indian Equities, Domestic Institutional Investors Buy

Foreign investors (FIIs/FPIs) net sold Indian equities worth Rs 2078 crore on April 22, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) net bought shares worth Rs 1,048 crore during the same period. This marks a significant shift in investor sentiment, with FIIs selling shares worth Rs 15,973 crore and buying shares worth Rs 13,895 crore, while DIIs purchased shares worth Rs 18,704 crore and sold shares worth Rs 19,752 crore.

FIIs' Net Selling Streak Continues

For the year so far, FIIs have been net sellers of shares worth Rs 2.13 lakh crore, while DIIs have net bought shares worth Rs 2.71 lakh crore. This indicates a widening gap between the two investor groups, with DIIs taking the lead in buying Indian equities.

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Market Performance

At close, the Sensex was down 756.84 points or 0.95 percent at 78,516.49, and the Nifty was down 198.5 points or 0.81 percent at 24,378.10. The decline in the indices reflects the overall market sentiment, which was weakened by weak global cues, sector-specific pressure, and geopolitical concerns.

Market View

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Ajit Mishra, SVP, Research, Religare Broking noted that markets witnessed a corrective session on Wednesday, snapping Tuesday's gains amid weak global cues and sector-specific pressure due to a sharp correction in IT stocks following disappointing outlook commentary from a major player, HCL Tech, which weighed on the entire sector. Renewed geopolitical concerns surrounding US-Iran developments kept crude oil prices elevated near the $100 mark, impacting overall sentiment. Profit booking after the recent multi-day rally also contributed to the downside pressure.

Going Forward

Mishra suggested that the Nifty is likely to witness a phase of consolidation; however, the underlying bias remains positive, with support intact in the 24,000-24,200 zone. Participants should closely track sectors and themes showing rotational strength—such as metals, energy, railways, and defence—and consider accumulating quality stocks on dips.