Foreign institutional investors (FIIs) remained net buyers in Indian equities for the third consecutive session on Tuesday, purchasing shares worth a provisional ₹393.19 crore, according to exchange data. Domestic institutional investors (DIIs), meanwhile, turned net sellers, offloading equities worth ₹383.43 crore.
Tuesday’s buying extended FIIs’ recent return to Indian equities. On Monday, July 6, foreign investors remained net buyers with purchases worth ₹243.03 crore, while DIIs emerged as strong net buyers, investing ₹3,791.42 crore after reversing their previous session’s selling.
The trend began on Friday, July 3, when FIIs turned net buyers after a four-session selling streak, purchasing equities worth ₹1,355.33 crore. On the same day, DIIs snapped their buying streak by selling shares worth ₹1,953.89 crore.
The institutional activity coincided with a weak session for domestic equities, as benchmark indices ended lower on Tuesday, snapping a four-day winning streak.
The BSE Sensex declined 104 points to close at 78,181, while the NSE Nifty 50 fell 32 points to settle at 24,399, slipping below the 24,400 mark after a volatile trading session.
The Nifty Bank index lost 91 points to end at 58,201. The Nifty Midcap index underperformed the broader market, falling 186 points to close at 62,285 after dropping more than 300 points from the day’s high.
Weakness in heavyweight stocks, profit booking in mid-cap shares, and selling pressure in defence and realty counters weighed on the benchmarks, offsetting gains in the IT sector.
Separately, the rupee appreciated 48 paise to close at a provisional 94.95 against the US dollar, supported by improved global risk sentiment as higher traffic through the Strait of Hormuz eased concerns over supply disruptions.
