Foreign Investors Sell Indian Shares Worth $735 Million on May 6

Indian Equity Markets Stage Powerful Rebound

Foreign investors (FIIs/FPIs) net sold shares worth Rs 5,835 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 6,837 crore on May 6.

During the trading session, DIIs purchased shares worth Rs 22,888 crore and sold shares worth Rs 16,051 crore. In contrast, FIIs bought shares worth Rs 14,459 crore but sold shares totalling Rs 20,294 crore.

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For the year so far, FIIs have been net sellers of shares worth Rs 2.45 lakh crore and DIIs net bought shares worth Rs 3.04 lakh crore.

At close, the Sensex was up 940.73 points or 1.22 percent at 77,958.52, and the Nifty was up 298.15 points or 1.24 percent at 24,330.95.

The Indian equity markets staged a powerful rebound on May 6, opening with a significant gap-up as global risk sentiment improved following signals of a potential peace deal in the US-Iran conflict. The cooling of WTI crude oil prices below the $100 per barrel mark provided a much-needed relief to the domestic macros, sparking a broad-based rally. The Sensex and Nifty 50 both witnessed gains of over 1%, with the Nifty decisively reclaiming the 24,300 level, bolstered by exceptional strength in PSU Banks, Chemicals, and heavyweights like HDFC Bank.

Vikram Kasat, Head Advisory, PL Capital, noted that while the sharp recovery from Tuesday's lows indicates strong buyer interest at support zones, markets may enter a phase of consolidation near these higher levels. Investors should remain mindful of the high volatility—evidenced by the India VIX—and persistent FII outflows. Near-term momentum will likely be dictated by the sustainability of the geopolitical de-escalation and upcoming corporate earnings results.

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