Despite ₹2,446 crore of FII buying, Indian markets slipped on Tuesday as domestic selling and weakness in FMCG stocks weighed on sentiment. The Sensex and Nifty recovered sharply in the final hour. 2 Min Read
Foreign institutional investors (FIIs) remained net buyers of Indian equities on Tuesday, while domestic institutional investors (DIIs) turned net sellers, according to provisional exchange data. FIIs bought equities worth ₹15,630.45 crore and sold shares worth ₹13,183.98 crore, resulting in a net inflow of ₹2,446.47 crore.
This was higher than Monday’s net purchase of ₹922.26 crore. DIIs purchased equities worth ₹15,241.39 crore and sold shares worth ₹16,177.53 crore, leading to a net outflow of ₹936.14 crore. In the previous session, DIIs had recorded a net inflow of ₹1,571.18 crore after buying equities worth ₹18,325.97 crore and selling shares worth ₹16,754.79 crore. Separately Indian equities ended Tuesday’s session in the red, but not before staging a spirited comeback in the final hour that helped soften what had looked set to be a far steeper decline. The Sensex settled 210 points lower at 78,429, while the Nifty50 ended down 159 points at 24,615.
However, both benchmarks clawed back significant ground late in the session, recovering around 115 points and 150 points, respectively, from the levels seen before the closing auction at 3:15 pm. Even so, the broader tone remained weak, with 35 of the 50 Nifty constituents ending lower and market breadth firmly tilted in favour of declines. The closing auction session dramatically altered the day’s outcome, helping benchmarks recover sharply from their pre-CAS levels. The day’s biggest drag came from the FMCG pack after commentary from Nestlé India weighed on investor sentiment across the sector. Heavyweights Hindustan Unilever and Tata Consumer Products figured among the benchmark’s biggest losers, reinforcing concerns that near-term demand trends remain uneven for consumer staples. Realty stocks also witnessed broad-based selling, with Prestige Estates and Oberoi Realty falling around 4% each, while financials remained under pressure as the Nifty Bank index slipped 341 points to 57,907. The Nifty Midcap index also ended 188 points lower at 63,492, reflecting the cautious undertone across the broader market.
Also Read: Why India’s net FDI dropped to $1 billion despite record foreign investment inflows
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Home Market News FIIs buy ₹2,446 crore in Indian stocks, but domestic selling and FMCG weakness drag markets lower
