FIIs dump Indian stocks for eight straight weeks: Is a reversal on the cards or more pain ahead?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Foreign institutional investors sold Indian shares for eight straight weeks, offloading Rs 30,294 crore last week.
- ✓Domestic investors stepped up, buying Rs 30,313 crore to absorb the pressure.
- ✓Ravi Singh said, “The market tone remained watchful throughout, driven by a persistent tug-of-war between relentless foreign fund outflows and strong domestic counter-buying.”
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Foreign institutional investors (FIIs) extended their selling streak in Indian equities to eight consecutive weeks, offloading shares worth Rs 30,294 crore in the last trading week, even as domestic institutional investors (DIIs) stepped up purchases to absorb the outflows.
While the Nifty 50 snapped its 8-week losing streak to close marginally higher, elevated crude oil prices, a weakening rupee and volatile global bond yields continued to weigh on sentiment.
DIIs bought equities worth Rs 30,313 crore during the week, absorbing the FII selling and helping the benchmark recover from its weekly low. The Nifty closed at 22,520.45 on Friday, gaining 0.4% over the week, after touching a fresh 52-week low of 22,180 on Thursday.
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The Economic Times
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