DIIs extend buying streak; FIIs post marginal inflows on June 23

Domestic

institutional investors (DIIs) continued to lend support to Indian equities on Tuesday, while foreign institutional investors (FIIs) turned marginal net buyers, reversing their selling stance from the previous session.

According to provisional exchange data, DIIs were net buyers of equities worth ₹680.21 crore during the session. They purchased shares worth ₹16,863.04 crore and sold equities worth ₹16,182.83 crore. FIIs, meanwhile, posted net purchases of ₹17.86 crore after buying shares worth ₹15,396.07 crore and selling equities worth ₹15,378.21 crore.



The latest figures mark a reversal from Monday, when foreign investors had sold equities worth ₹635.91 crore, while domestic institutions remained net buyers with purchases worth ₹1,035.72 crore.

Institutional support came despite a weak trading session on Dalal Street. Benchmark indices witnessed broad-based selling pressure, with the Sensex tumbling 893 points to close at 76,201 and the Nifty50 shedding 279 points to settle at 23,824.

Market breadth remained firmly in favour of declines. Forty-one of the 50 Nifty constituents ended lower, while the NSE advance-decline ratio stood at 2:5, highlighting the extent of the sell-off. Metal stocks led the decline, whereas the Nifty Pharma index bucked the broader trend and gained nearly 1%.

The Indian rupee also weakened against the US dollar. The domestic currency depreciated 11 paise to close at 94.74 (provisional), pressured by a stronger greenback and weakness in local equities. The rupee had settled at 94.63 against the dollar on Monday.

Month so far

So far in June, FIIs have remained net sellers in the cash market, pulling out ₹43,662.14 crore. Foreign investors purchased shares worth ₹2,56,359.54 crore during the month, while gross sales stood at ₹3,00,021.68 crore.

DIIs, on the other hand, continued to provide a cushion to the market, emerging as net buyers of ₹66,771.34 crore. Domestic institutions bought shares worth ₹3,01,997.51 crore and sold equities worth ₹2,35,226.17 crore during the period, underlining their role as the key source of support for Indian equities amid fluctuating foreign flows.

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