Daily Edition
| NIFTY 50 | 24,288 | ▼ 0.32% |
| NIFTY Bank | 57,498 | ▲ 0.01% |
| NIFTY IT | 30,808 | ▼ 1.75% |
| India VIX | 11.30 | ▼ 0.08% |
| SENSEX | 77,728 | ▼ 0.36% |
| USD / INR (ref.) | 95.43 | ▼ 0.01% |
| Gold (COMEX, US$/oz) | 4,451 (≈ ₹1,36,575/10g) | ▲ 1.62% |
| Brent Crude (US$) | 89.08 | ▲ 0.63% |
Provisional cash-market flows: FIIs net sold ₹2,535.1 cr · DIIs net bought ₹5,101.46 cr.
Source: FII/FPI & DII trading activity on NSE, BSE & MSEI, Capital Market segment. Provisional, subject to revision.
IT stocks drag NIFTY lower; DIIs absorb FII selling
Indian equity markets ended Monday's session modestly lower, with a sharp decline in technology stocks weighing on the broader indices even as domestic institutional buyers provided support.
The NIFTY 50 closed at 24,288, down 0.32% for the day, while the SENSEX settled at 77,728, shedding 0.36%. The NIFTY IT index was the standout underperformer, falling 1.75% to close at 30,808, as sentiment in the technology sector remained subdued. By contrast, the NIFTY Bank index was nearly flat, ending at 57,498 with a marginal gain of 0.01%, suggesting that the broader weakness was concentrated rather than widespread. India VIX, a measure of near-term market volatility expectations, edged slightly lower to 11.30, indicating that overall market anxiety remained contained.
On the institutional flow front, Foreign Institutional Investors (FIIs) were net sellers in the cash segment, withdrawing a net 2,535.1 crore rupees from Indian equities during the session. Domestic Institutional Investors (DIIs), however, stepped in as significant buyers, posting net purchases of 5,101.46 crore rupees — more than offsetting the foreign outflows. The rupee slipped marginally against the US dollar, with the reference rate settling at 95.43, as the Reserve Bank of India's surprise decision to curtail the window for its foreign exchange swap facility for diaspora deposits unsettled currency markets and contributed to a dip in government bond prices, pushing yields higher.
Fed decision, gold surge, crude rise in focus
- US Federal Reserve decision. Investors globally are awaiting the US Federal Reserve's rate decision, which is scheduled to be announced around 11:30 pm IST tonight, with the Fed Chair's press conference expected to follow around midnight IST. Markets have been cautious ahead of the announcement, with risk appetite remaining measured.
- Gold. Gold prices on COMEX rose 1.62% to 4,451 US dollars per troy ounce, equivalent to approximately 1,36,575 rupees per 10 grams, as investors appeared to seek safety amid geopolitical tensions and uncertainty ahead of the Fed's guidance.
- Brent Crude. Brent crude oil edged up 0.63% to 89.08 US dollars per barrel, with ongoing Middle East conflict continuing to support energy prices and contributing to inflation concerns in Europe, where euro zone bond yields remained near 15-year highs.
- European markets. European shares closed higher on Monday, led by gains in the basic resources and technology sectors, even as geopolitical risks and energy-driven inflation kept broader sentiment cautious.
- Bitcoin. Bitcoin was hovering near 63,000 US dollars ahead of the Fed's decision, with analysts noting that weak ETF inflows, elevated oil prices, and geopolitical tensions were weighing on risk appetite in crypto markets.
Understanding FII flows: what they are and how they are reported in India
Foreign Institutional Investors, commonly called FIIs, are entities based outside India that are registered to invest in Indian financial markets. They include pension funds, sovereign wealth funds, hedge funds, insurance companies, and asset management firms from countries around the world. When these institutions buy Indian stocks or bonds, money flows into the country; when they sell, money flows out. These movements are collectively referred to as FII flows, and they are tracked closely because large-scale foreign buying or selling can influence currency exchange rates, bond yields, and equity index levels simultaneously.
On Monday, FIIs sold a net 2,535.1 crore rupees worth of Indian equities in the cash segment, while DIIs bought a net 5,101.46 crore rupees — two numbers that together tell a more complete story than either does alone.
In India, FII activity in the equity cash segment is reported daily by stock exchanges — the BSE and NSE — and is typically published after market hours. The figure most commonly cited is the net flow, which is simply the total value of securities purchased by FIIs minus the total value sold during the same session. A positive net figure means FIIs bought more than they sold on that day (net buyers); a negative figure means they sold more than they bought (net sellers). Today's number of negative 2,535.1 crore rupees means that, across all their transactions in the cash equity segment, foreign institutions were net sellers of that amount. It is worth noting that these flows represent one segment only — FIIs also participate in the futures and options (derivatives) market, and in the debt market, each of which is reported separately.
A figure that is often read alongside FII data is the DII, or Domestic Institutional Investor, flow. DIIs include Indian mutual funds, insurance companies like LIC, and other domestic financial institutions. When FIIs sell, DIIs frequently absorb those shares, and vice versa. Today illustrates this dynamic clearly: even as FIIs were net sellers of 2,535.1 crore rupees, DIIs were net buyers of 5,101.46 crore rupees, meaning domestic institutions collectively deployed significantly more capital than foreign institutions withdrew. Understanding both numbers together gives a more complete picture of the actual demand and supply of institutional money in the market on any given day, rather than focusing on either figure in isolation.
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