FIIs sell ₹5,556 crore worth of equities on June 8; DII buying cushions impact

Domestic institutional investors (DIIs) remained strong buyers in Indian equities on June 8, while foreign portfolio investors (FPIs) continued to pare holdings, according to exchange data on Monday, June 8.

DIIs purchased shares worth ₹16,683.18 crore and sold equities worth ₹11,517.94 crore, resulting in a net inflow of ₹5,165.24 crore.

In contrast, FPIs/FIIs bought shares worth ₹8,842.08 crore but sold equities worth ₹14,397.75 crore, leading to a net outflow of ₹5,555.67 crore.



Meanwhile, Indian equity benchmarks ended sharply lower, extending their losing streak to a second consecutive session. The Sensex declined 719 points to close at 73,524, while the Nifty fell 244 points to settle at 23,123, slipping below the 23,150 mark.

The sell-off was widespread, with 24 of the 30 Sensex constituents ending in the red and 40 Nifty stocks closing lower. Market breadth remained firmly negative, with the NSE advance-decline ratio standing at nearly 1:3.

The sharp decline across sectors, coupled with weakness in heavyweight stocks and elevated crude oil prices, kept investors on the sidelines and reinforced the cautious mood prevailing in the market.

The weakness in domestic markets was accompanied by pressure on the currency front, with the rupee depreciating 56 paise to settle at 95.74 against the US dollar on Monday.

The decline was attributed to elevated crude oil prices, a stronger US dollar and heightened risk aversion amid escalating geopolitical tensions, factors that also weighed on investor sentiment during the trading session.

Earlier in the previous week, foreign institutional investors (FIIs) remained net sellers on all five trading sessions, with the heaviest outflows recorded on June 5 and June 2 at ₹8,776.25 crore and ₹8,362.92 crore, respectively. The sustained selling underscored continued caution among overseas investors despite broader market resilience.

Domestic institutional investors (DIIs), however, acted as a counterbalance, remaining net buyers throughout the week. DII inflows crossed ₹9,000 crore on both

June 2 and June 5, helping absorb foreign selling pressure and providing support to the domestic equity market.

Also Read: Closing Bell: Broad-based selling sends Sensex, Nifty to two-month lows