FPIs Remain Net Sellers, Offload Stocks Worth Rs 2,575 Crore

Foreign portfolio investors (FPIs) continued their trend as net sellers in the stock market, selling shares worth approximately Rs 2,575.1 crore, as reported by provisional data from the National Stock Exchange. This marks the second consecutive day of sales.

Domestic Institutional Investors Keep Buying

In contrast, domestic institutional investors (DIIs) have shown unwavering confidence in the market, purchasing stocks for the 14th consecutive session. This strong buying has added Rs 5,749.7 crore to their investments.

Market Overview for January

Throughout the month of January, FPIs have offloaded shares amounting to Rs 7,160 crore, according to figures released by the National Securities Depository Ltd. This trend shows a clear shift as overseas investors have collectively been net sellers, offloading stocks valued at Rs 7,078.3 crore during the entirety of 2024.

Comparison with Domestic Investors

On the other hand, DIIs have maintained a positive stance throughout the year, acquiring stocks worth Rs 8,282.8 crore. Interestingly, recent updates indicate that foreign institutions have also recorded net purchases totaling Rs 2,874.4 crore in Indian equities for the year 2024 so far, despite their overall selling.

Market Trend and Index Performance

The market has seen significant fluctuations recently. The NSE Nifty 50 index closed 388.70 points lower, down 1.62% at 23,616.05. Similarly, the BSE Sensex closed 1,258.12 points down at 77,964.99, reflecting a decline of 1.59%. This is the largest decline recorded since early October 2024.

Fluctuations During the Trade Session

On the trading floor, the Nifty experienced a drop of nearly 1.89%, reaching 23,551.90, while the Sensex fell by 1.82%, hitting 77,781.62 during the session.

Currency Performance

Adding to the market pressures, the Indian rupee also closed weaker against the US dollar, indicating broader economic implications.

FPIs, DIIs, Market