FIIs extend brutal selloff; markets slide and rupee touches new low

Foreign investors continued to dump Indian equities on Friday, January 23, deepening the market’s weekly slide as persistent FII outflows, a weakening rupee, and a flight to safety eroded investor sentiment. Provisional data shows that Foreign Institutional Investors (FIIs) were net sellers of ₹4,113.38 crore on January 23. Domestic Institutional Investors (DIIs) largely cushioned the blow with net purchases of ₹4,102.56 crore.

For the week, FIIs clocked total net sales of ₹10,639 crore, extending their selling streak. Year‑to‑date, foreign outflows from Indian equities have surged to ₹33,143 crore.

January has seen consistent pressure, with sharp outflows on January 8 (₹3,709.81 crore), January 9 (₹3,686.99 crore), and January 16 (₹4,542.94 crore). Only a few sessions—January 2 (₹646.8 crore) and January 5 (₹737.37 crore)—saw modest inflows.

Date	FPI Flows to Equity (₹ Crore)
01-01-2026	-3,039.52
02-01-2026	646.80
05-01-2026	737.37
06-01-2026	-16.44
07-01-2026	-1,839.01
08-01-2026	-3,709.81
09-01-2026	-3,686.99
12-01-2026	-3,108.35
13-01-2026	-429.85
14-01-2026	-3,515.33
16-01-2026	-4,542.94
19-01-2026	-2,062.07
20-01-2026	-1,210.45
21-01-2026	-988.70
22-01-2026	-2,264.18
23-01-2026	-4,113.38

Source: NSDL

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Equity benchmark indices Sensex and Nifty resumed their downward journey to end nearly 1% lower on Friday, weighed down by widespread sell-off and the rupee hitting a record low against the US dollar. Besides, investors rushing to safe-haven assets and unabated foreign capital outflows in the absence of domestic triggers dampened investor confidence, traders said.

In a cautious trade, the 30-share BSE Sensex tumbled 769.67 points, or 0.94%, to close at 81,537.70. During the day, the index slumped 835.55 points, or 1.01%, to hit an intraday low of 81,471.82. A total of 2,989 stocks declined, while 1,229 advanced, and 143 remain unchanged on the BSE.

The 50-share NSE Nifty dived 241.25 points, or 0.95%, to settle at 25,048.65. In the intraday session, it plunged 264.6 points, or 1.04%, to hit a low of 25,025.30.

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On a weekly basis, the BSE Sensex tumbled by 2,032.65 points, or 2.43%. The broader NSE Nifty also slumped by 645.7 points, or 2.51%. On Friday, the market capitalisation of BSE-listed firms plunged by

₹6,95,963.98 crore to ₹4,51,56,045.07 ($ 4.93 trillion). This week, the market valuation of BSE-listed firms nosedived by ₹16,28,561.85 crore.