FIIs make a comeback on Dalal Street after four straight days of selling while domestic investors turn sellers

Foreign institutional investors (FIIs) turned net buyers in Indian equities on Friday, snapping a four-session selling streak by purchasing shares worth a provisional ₹1,355.33 crore, according to exchange data.

Domestic institutional investors (DIIs), meanwhile, turned net sellers after two weeks, offloading equities worth ₹1,953.89 crore.

FIIs bought shares worth ₹13,337.33 crore during the session and sold equities worth ₹11,982 crore, resulting in a net inflow of ₹1,355.33 crore. DIIs purchased shares worth ₹18,676.35 crore but sold ₹20,630.24 crore worth of equities, leading to a net outflow of ₹1,953.89 crore.

The reversal in FII flows comes a day after overseas investors were net sellers to the tune of ₹311.82 crore on Thursday. Domestic institutions had, in contrast, remained supportive of the market in the previous session, recording net purchases of ₹1,784.40 crore.

Friday also marked the first instance of DIIs turning net sellers since June 19, when they had offloaded equities worth ₹1,159.64 crore. FIIs, meanwhile, returned as net buyers for the first time since June 25, after remaining sellers in the intervening sessions.

The change in institutional flows came as benchmark indices extended their winning streak to a third consecutive session. The BSE Sensex rose 262 points to close at 77,764, while the NSE Nifty 50 gained 95 points to end at 24,271.

However, the broader market underperformed, with the Nifty Midcap Index falling 118 points to 62,190 and the Nifty Bank declining 93 points to 57,939. The NSE advance-decline ratio stood at 1:1, indicating neutral market breadth.

Weekly wrap-up

Foreign institutional investors (FIIs) ended the week as net sellers, despite turning buyers on Friday, as they pulled out a cumulative ₹4,004.09 crore from Indian equities over the five trading sessions.

Weekly fund flow chart (₹ crore)