Foreign Investors Sell Indian Equities Worth Rs 2,104 Crore, Domestic Investors Buy Rs 1,712 Crore
Indian Equities Witness Mixed Trading Activity on April 28
Foreign investors net sold Indian equities worth Rs 2,104 crore on April 28, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) net bought shares worth Rs 1,712 crore. The data highlights the contrasting trading behavior of FIIs and DIIs during the session.
During the trading session, DIIs purchased shares worth Rs 18,044 crore and sold shares worth Rs 16,332 crore. In contrast, FIIs bought shares worth Rs 17,232 crore but sold shares totalling Rs 19,335 crore. The net sale by FIIs has been a consistent trend for the year so far, with FIIs net selling shares worth Rs 2.28 lakh crore. On the other hand, DIIs have been net buyers of shares worth Rs 2.84 lakh crore for the year.
Market Performance
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The Indian equity benchmarks witnessed a negative close on April 28, 2026. The index opened on a flat-to-negative note with a gap-down of 42.80 points at 24,049.90, indicating a cautious start to the session. It traded within a defined range throughout the day, marking an intraday high of 24,181.80 and a low of 23,957.05.
The market performance can be attributed to the selling pressure faced by the index at higher levels, eventually settling at 23,995.70, registering a decline of 97.00 points or 0.40%. The immediate support for the index is placed in the 23,750-23,800 zone, while resistance is observed in the 24,150-24,200 range.
| Market Segment | Selling Pressure | Resilience |
|---|---|---|
| Auto | High | Low |
| Financial Services | High | Low |
| Private Banks | High | Low |
| PSU Banks | High | Low |
| Metals | Low | High |
Sectorally, the market witnessed broad-based weakness, with selling pressure seen in Auto, Financial Services, Private Banks, and PSU Banks, while select resilience was observed in Metals. Market breadth remained negative, with declining stocks outnumbering advancing ones, reflecting cautious sentiment in the broader market.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors should be cautious of the negative market performance and the net selling by foreign investors.
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