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Indian Equities Extend Recovery As DIIs Offset FII Selling
M
Moneycontrol•07-10-2026, 00:24
Indian Equities Extend Recovery As DIIs Offset FII Selling
- •Foreign institutional investors net sold Indian equities worth Rs 2,961.30 crore on Tuesday, while domestic institutional investors net bought Rs 5,088.92 crore.
- •Indian equities extended their recovery for the second consecutive session, with the Nifty advancing 1.0% to close at 22,776.
- •FIIs have been net sellers in all three sessions of October with cumulative selling of about Rs 17,145 crore, while DIIs bought about Rs 20,312 crore.
- •Sectoral gains were led by Nifty Chemicals, Pharma, Oil & Gas, and FMCG, supported by softer Brent crude prices and positive quarterly updates.
- •Key upcoming triggers include the RBI policy decision and GST Council outcomes, while currency weakness and foreign outflows remain risks.
Key Questions Answered
Foreign institutional investors sold a net Rs 2,961.30 crore of Indian equities on Tuesday, while domestic institutional investors bought a net Rs 5,088.92 crore.
The Nifty advanced 1.0% to close at 22,776, extending its recovery for a second consecutive session. Nifty Chemicals led the gains with a 2.0% increase, while Pharma, Oil & Gas, and FMCG also posted strong gains, though the Nifty IT index fell 0.59%.
Market sentiment is supported by Brent crude slipping below $100 a barrel and healthy Q2 business updates, while upcoming triggers include the RBI policy decision and the GST Council meeting. Key risks involve foreign portfolio outflows and currency weakness, with the INR weakening close to its all-time low at around 96.43/$.
