FIIs Net Sell Indian Equities Worth Rs 1,151 Crore; DIIs Net Buy Rs 4,124 Crore on April 27
Foreign investors (FIIs/FPIs) net sold Rs 1,151 crore worth of Indian equities on April 27. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 4,124 crore, according to provisional exchange data.
During the trading session, DIIs purchased shares worth Rs 19,978 crore and sold shares worth Rs 15,854 crore. In contrast, FIIs bought shares worth Rs 30,263 crore but sold shares totalling Rs 31,415 crore.
Year-to-Date Performance
For the year so far, FIIs have been net sellers of shares worth Rs 2.26 lakh crore, while DIIs have net bought shares worth Rs 2.82 lakh crore.
This trend is significant, as it indicates that domestic investors are bullish on the Indian market, while foreign investors are adopting a more cautious approach. To learn more about the impact of FIIs on the Indian stock market, read our in-depth analysis.
Market Performance
Indian equities ended higher on Monday, with Nifty 50 rising 0.8%. The rally was broad-based, with all major sectors ending in the green. Nifty Midcap 100 gained 1.5%, while Nifty Smallcap 100 advanced 1.9%, reflecting strong participation from the broader market.
Among sectoral performers, Nifty Pharma led with gains of 2.6%, followed by Nifty Consumer Durables up 2.5% and Nifty IT higher by 2.2%, recovering after last week’s steep sell-off. For more information on Nifty 50 index and its constituents, visit our website.
Expert Insights
Reflecting on the market performance today, Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services, said: Markets are expected to maintain their gradual upmove, supported by hopes of a resolution, positive global cues and sector or stock-specific news flows driving broader market action.
Renewable energy, metals and mining stocks are likely to remain in focus, while summer-related plays may continue to benefit from demand across air conditioners, fans, cold beverages, packaged water and power equipment. To stay updated on the latest market trends in India, follow our blog.
Macro Developments
In a positive macro development, India signed a Free Trade Agreement with New Zealand. The pact is expected to benefit Indian exporters, with all Indian exports to New Zealand receiving duty-free access. New Zealand has also committed to invest $20 billion in India over the next 15 years.
Investors will now track upcoming results from UltraTech Cement, Coal India, Varun Beverages, AU Small Finance Bank and Bajaj Housing Finance, along with economic data points including the Bank of Japan interest rate decision and CPI data. For more information on Free Trade Agreement between India and New Zealand, read our detailed analysis.
Investment Strategies
Given the current market trends and developments, it is essential for investors to stay informed and adapt their investment strategies accordingly. To learn more about investment strategies for Indian markets, visit our website and read our expert insights.
Additionally, investors can explore various investment options in India, such as stocks, mutual funds, and ETFs, to diversify their portfolios and minimize risk. By staying updated on the latest market news and trends, investors can make informed decisions and achieve their financial goals.