Foreign Institutional Investors Sell Indian Equities Worth Rs 8,048 Crore, Domestic Institutional Investors Buy Rs 3,487 Crore on April 30

Indian Equities Witness Mixed Trading as Foreign Investors Sell Shares

Foreign investors net sold Indian equities worth Rs 8,048 crore on April 30, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) net bought shares worth Rs 3,487 crore. The trading session saw DIIs purchasing shares worth Rs 18,253 crore and selling shares worth Rs 14,766 crore. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 15,050 crore but sold shares totalling Rs 23,097 crore.

Market Performance

For the year so far, FIIs have been net sellers of shares worth Rs 2.28 lakh crore, while DIIs have net bought shares worth Rs 2.84 lakh crore. Indian equity indices ended on a negative note on April 30, with the Nifty below 24,000 amid selling across various sectors, except IT. At close, the Sensex was down 582.86 points or 0.75 percent at 76,913.50, and the Nifty was down 180.1 points or 0.74 percent at 23,997.55.

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The market volatility was driven by a sharp surge in crude oil prices, which spiked to multi-year highs amid escalating geopolitical tensions in the Middle East and concerns over supply disruptions through the Strait of Hormuz. This raised fears of inflationary pressures and macroeconomic instability for oil-importing economies like India. Additionally, weak global cues, a sharp depreciation in the rupee to record low levels, and continued foreign institutional outflows further weighed on sentiment.

Elevated bond yields and cautious positioning ahead of key global developments and upcoming state election results kept investors on the sidelines. Market experts have advised traders to maintain a cautious stance, focus on risk management, and prefer sector-specific opportunities. The key levels to watch in the Nifty are 23,800 and 24,400 to 24,800, with a decisive move below 23,800 potentially triggering further downside.

Note: The data is provisional and subject to change.

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