FIIs remain in selling mode offloading ₹711 cr, DIIs infuse ₹537 cr mitigating downside risk; check details

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₹537 crore during Thursday's session. As per the NSE data, FIIs cumulatively bought ₹10,721.75 crore of Indian equities, while they sold ₹11,433.09 crore --- resulting in an outflow of ₹711 crore. Meanwhile, DIIs infused ₹8,809.11 crore and offloaded ₹8,271.80 crore, registering an overall inflow of ₹537.31 crore.

FIIs have been net sellers of domestic equities for several days in a row, while too DIIs showed a renewed interest in buying Indian stocks for the past few sessions. ‘’On the global front, investors are adopting a cautious approach even amidst declining bond yields as they await the release of crucial economic data. The significant drop in Chinese exports has also contributed to concerns within the global market.

FIIs remain in a selling mode in the domestic market, yet active buying from DIIs is mitigating downside risks…Mid- and small-cap stocks have continued to outperform the benchmark, showcasing their resilience,'' said Vinod Nair, Head of Research at Geojit Financial Services. Domestic market benchmarks Sensex and Nifty settled lower while the second-rung midcap and smallcap indices scored gains during today's session, amid weak global cues as China's weak economic data weighed on sentiment. Sensex opened 95 points higher at 66,048.81 against the previous close of 65,953.48 but failed to hold altitude, falling about 201 points to hit the intraday low of 65,752.63.

The index finally closed 107 points, or 0.16 per cent, lower at 65,846.50 while the Nifty ended 26 points, or 0.13 per cent, lower at 19,570.85, both snapping their two-day winning run. Mid and smallcaps outperformed the benchmark Sensex. The BSE Midcap index ended with a gain of 0.15 per cent while the Smallcap index rose 0.25 per cent.