Foreign institutional investors (FIIs) were net buyers on Wednesday, adding shares worth Rs 407.99 crore to the market. Domestic institutional investors (DIIs) also increased their purchases, buying Rs 3,973.72 crore worth of equity. These figures come from provisional exchange data released today.
FIIs bought a total of Rs 12,875.76 crore and sold Rs 12,467.77 crore during the session. DIIs bought Rs 17,288.58 crore and sold Rs 13,314.86 crore. The net buying by both groups shows that investors are still looking for opportunities even as the market faces pressure.
Despite the buying, Indian equities continued to decline. The Nifty 50 slipped 0.32% to 24,078.30, marking its seventh consecutive day of losses. The Sensex fell 0.42% to 76,909.68, and the Nifty has shed about 2.1% over the streak.
Several factors are driving the selling pressure. Elevated crude prices, unresolved geopolitical tensions, and higher global bond yields make developed‑market assets more attractive. Brent crude was trading around $91 a barrel, while yields in the US, Germany and Japan were on the rise.
Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, said the market is likely to stay under pressure. He cited weak global cues, high crude prices and geopolitical tensions as key reasons for the continued downside.
Sector‑wise, the Nifty IT index gained 0.4%, ending a four‑day losing streak. Gas distributors also saw gains after government incentives to boost domestic piped‑gas connections. Refiners, however, faced pressure as higher crude premiums raised concerns about refining margins.
In short, while institutional investors are still active, the market is battling headwinds from global economic conditions and commodity prices. Traders and investors will need to watch how these factors evolve in the coming days.