Foreign Portfolio Investors Continue Selling Streak for Tenth Day

Overseas investors have shown a consistent trend of selling stocks, completing their tenth consecutive day as net sellers, during which they have offloaded stocks valued at Rs 24,044.15 crore. Meanwhile, domestic institutional investors (DIIs) have remained active buyers, marking their ninth straight session of net purchases.

According to provisional data from the National Stock Exchange, foreign portfolio investors (FPIs) sold stocks totaling approximately Rs 1,893.16 crore on Monday alone. In contrast, DIIs increased their holdings by purchasing shares worth Rs 2,173.86 crore.

Last week, FPIs sold off shares worth Rs 6,322.88 crore, while DIIs accumulated stocks valued at Rs 10,927.73 crore. This month, up to this point, FPIs have divested stakes worth Rs 12,337.26 crore, whereas DIIs have made significantly higher purchases worth Rs 29,648 crore. In November, FPIs had sold shares totaling Rs 45,974.12 crore, with DIIs countering with purchases amounting to Rs 44,483.86 crore.

Throughout this calendar year, FPIs have been net sellers of Indian equities, amounting to Rs 2.98 lakh crore, while DIIs have been net buyers with a total of Rs 5.26 lakh crore, as reported by provisional data from the National Stock Exchange, compiled by NDTV Profit. In a contrasting trend, data from the National Securities Depository Ltd. indicates that foreign institutions have already been net buyers of Rs 2,026 crore worth of Indian equities in 2024.

The benchmark equity indices faced a downturn after showing early gains, closing lower on Monday amid widespread weakness across Asian and European markets. The NSE Nifty 50 ended the day down by 168.50 points, or 0.71%, settling at 23,644.90, while the BSE Sensex dropped 450.94 points, or 0.57%, to close at 78,248.13.

As the trading progressed, the Nifty experienced a decline of as much as 0.90%, hitting an intraday low of 23,599.30, while the Sensex fell 0.79% to a low of 78,077.13. Earlier in the session, both indices had shown some promise, with the Nifty rising by 0.43% to 23,915.35 and the Sensex gaining 0.50% to a high of 79,092.70.

Market Overview

The ongoing selling spree by FPIs and the contrasting buying behavior by DIIs highlight a divergence in market sentiment. Investors are keeping a close eye on these movements to gauge future market direction.

FPIs, Stocks, Investors