FPIs Continue to Sell Stocks Worth Rs 2,575 Crore

Foreign Portfolio Investors (FPIs) maintained their position as net sellers in the Indian stock market for the second consecutive session, offloading stocks valued at approximately Rs 2,575.1 crore on January 6, 2025. This trend reflects continued caution among international investors regarding the Indian equities market.

Domestic Institutional Investors Remain Active Buyers

In contrast, Domestic Institutional Investors (DIIs) have shown strong bullish sentiment, continuing their buying spree for the 14th straight session. They purchased stocks worth a significant Rs 5,749.7 crore, indicating robust confidence in market fundamentals despite the selling pressure from FPIs.

FPIs and Their Net Sales Trend

As of January 6, FPIs collectively sold shares worth Rs 7,160 crore this month alone. This report is based on the provisional data provided by the National Securities Depository Ltd (NSDL). Throughout 2024, FPIs were also net sellers, shedding a total of Rs 7,078.3 crore in equities. However, it is worth noting that there were instances during the year when FPIs turned net buyers, with reports indicating they bought Rs 2,874.4 crore worth of Indian stocks in early 2024.

Market Performance Overview

The broader market witnessed notable declines, with the NSE Nifty 50 index plunging by 388.70 points, or 1.62%, to close at 23,616.05. This marks the lowest closing level since December 20, 2024. Similarly, the BSE Sensex fell by 1,258.12 points, or 1.59%, ending at 77,964.99, also hitting a multi-week low. The negative trend was largely attributed to ongoing profit-booking in the market, driven by external pressures and investor sentiment.

During the trading session, the Nifty index saw a decline as steep as 1.89%, reaching a low of 23,551.90, while the Sensex slipped by 1.82%, touching 77,781.62.

Currency Movement

The Indian Rupee also reflected the market's weaknesses, closing weaker against the US Dollar. This development adds another layer of concern for investors as currency volatility can impact corporate earnings and foreign investments.

FPIs, Sellers, Market