FIIs sell ₹1,305 crore of Indian shares as domestic investors buy ₹2,439 crore

Foreign investors continued to sell Indian equities on Tuesday, October 13, even as domestic institutional investors (DIIs) stepped up their purchases, provisional exchange data showed.

Foreign institutional investors (FIIs) were net sellers of shares worth ₹1,305.13 crore across the NSE, BSE and MSEI in the capital market segment. DIIs, meanwhile, were net buyers worth ₹2,439.24 crore, resulting in net institutional buying of ₹1,134.11 crore.

FIIs bought shares worth ₹13,465.39 crore and sold ₹14,770.52 crore during the session. DIIs purchased equities worth ₹16,232.97 crore and sold ₹13,793.73 crore.

On the NSE alone, FIIs were net sellers worth ₹1,527.41 crore, while DIIs were net buyers worth ₹2,563.05 crore.

IT stocks lead market rally

The institutional flows came as Indian equity benchmarks rallied in the final hour of trade, led by information technology stocks.

The Sensex rose 1,109 points to close at 73,034, while the Nifty gained 359 points to settle at 22,722. Both indices advanced more than 1%.

The midcap index climbed 624 points to 59,459, recovering nearly 900 points from its intraday low. The Nifty Bank gained 563 points to close at 55,481.

The Nifty IT index recorded its biggest single-day gain since May 2025. HCLTech surged more than 8% after reporting strong second-quarter results, marking its biggest single-day gain since September 2020. TCS has risen nearly 10% since announcing its second-quarter results three days earlier.

Shriram Finance gained more than 6% amid reports that Japan's MUFG was increasing its stake in the company. PNB Gilts rose nearly 6% after reporting strong second-quarter results. Mphasis and Bandhan Bank were among the biggest gainers in the broader market.

RBL Bank, ICICI Prudential Life fall

RBL Bank dropped more than 7% as concerns over its net interest margin weighed on the stock, with brokerages remaining cautious. ICICI Prudential Life Insurance fell more than 3% after its value of new business (VNB) and VNB margin came in below estimates.

Maruti Suzuki extended its losses, hitting an 18-month low after falling nearly 1%.

Paytm and MobiKwik swung sharply during the session but ended higher after the National Payments Corporation of India deferred a decision on the merchant discount rate (MDR) for Unified Payments Interface (UPI) transactions until Diwali.

The rupee also strengthened against the US dollar, extending its gains after measures announced by the Reserve Bank of India. It rose 1.5% over two sessions.

Separately, the finance minister said a debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) was healthy and that views on the issue would be welcome.

What happened on Monday?

On October 12, FIIs were net sellers of equities worth ₹1,708.48 crore, while DIIs were net buyers worth ₹3,045.02 crore. This resulted in net institutional buying of ₹1,336.54 crore.

FIIs bought shares worth ₹12,583.21 crore and sold ₹14,291.69 crore. DIIs purchased equities worth ₹15,506.73 crore and sold ₹12,461.71 crore.