Foreign institutional investors (FIIs) were net sellers of Indian equities worth ₹3,458.70 crore on October 22, according to provisional data. Domestic institutional investors (DIIs), meanwhile, were net buyers, purchasing shares worth ₹2,891.32 crore.
FIIs bought shares worth ₹13,627.54 crore and sold ₹17,086.24 crore during the session. DIIs purchased shares worth ₹16,242.83 crore and sold ₹13,351.51 crore.
The shift in foreign investor activity followed a session in which both FIIs and DIIs were net buyers. On Wednesday, FIIs recorded net purchases of ₹1,022.32 crore, while DIIs bought shares worth ₹1,614.32 crore on a net basis.
FIIs had bought shares worth ₹17,003.90 crore and sold ₹15,981.58 crore on Wednesday. DIIs purchased shares worth ₹14,931.57 crore and sold ₹13,317.25 crore.
Sensex, Nifty fall for third straight session
The foreign investor selling came as Indian equities declined for a third consecutive session. The Sensex fell 460 points to 73,249, while the Nifty shed 124 points to close at 22,688. The Nifty also slipped below its 20-day moving average, with 38 of its constituents ending in the red.
Elevated crude oil prices added to the pressure, with Brent crude trading above $112 a barrel. Broader markets underperformed, as the midcap index fell 502 points to 57,064, hitting a six-month low. Market breadth remained weak, with roughly three stocks declining for every one that advanced.
Stocks in focus
Eternal and Swiggy declined, with Eternal closing 3% lower. Nestle extended its losses, falling 3% on the day and 6% for the week.
Bajaj Finance recovered 4% from its intraday low to finish as the Nifty’s top gainer. UltraTech Cement rose 1% after positive commentary on Wednesday.
KEI Industries fell 8% after a cautious margin outlook weighed on the stock. Oracle Financial Services Software declined 4%, while HPCL was in focus ahead of its earnings announcement.
SRF ended 1% higher after recovering 7% from its intraday low following positive commentary. Indian Hotels gained 4% after reporting better-than-expected second-quarter earnings, while PB Fintech recovered sharply during the session to close 3% higher.
Also Read: FIIs and DIIs turn net buyers, but broader markets extend losses