Foreign Institutional Investors Sell Indian Equities Worth Rs 1,151 Crore

Indian Equities End Higher on Monday

Foreign investors (FIIs/FPIs) net sold Rs 1,151 crore worth of Indian equities on April 27, in contrast to domestic institutional investors (DIIs) who net bought shares worth Rs 4,124 crore, according to provisional exchange data. The trading session saw DIIs purchasing shares worth Rs 19,978 crore and selling shares worth Rs 15,854 crore, while FIIs bought shares worth Rs 30,263 crore but sold shares totalling Rs 31,415 crore.

Market Performance

Indian equities ended higher on Monday, with the Nifty 50 rising 0.8%. The rally was broad-based, with all major sectors ending in the green. The Nifty Midcap 100 gained 1.5%, while the Nifty Smallcap 100 advanced 1.9%, reflecting strong participation from the broader market. Among sectoral performers, the Nifty Pharma led with gains of 2.6%, followed by the Nifty Consumer Durables up 2.5% and the Nifty IT higher by 2.2%, recovering after last week's steep sell-off.

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Year-to-Date (YTD) Performance

Market Outlook

Reflecting on the market performance today, Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, pointed out that markets are expected to maintain their gradual upmove, supported by hopes of a resolution, positive global cues and sector or stock-specific news flows driving broader market action. Renewable energy, metals and mining stocks are likely to remain in focus, while summer-related plays may continue to benefit from demand across air conditioners, fans, cold beverages, packaged water and power equipment.

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Macro Development

In a positive macro development, India signed a Free Trade Agreement with New Zealand. The pact is expected to benefit Indian exporters, with all Indian exports to New Zealand receiving duty-free access. New Zealand has also committed to invest $20 billion in India over the next 15 years. Investors will now track upcoming results from UltraTech Cement, Coal India, Varun Beverages, AU Small Finance Bank and Bajaj Housing Finance, along with economic data points including the Bank of Japan interest rate decision and CPI data.