FPIs invest Rs 935 crore on June 19; DIIs pump in Rs 606 crore

Foreign portfolio investors (FPIs) remained net buyers in Indian equities on 19 June, investing Rs 934.62 crore, as per exchange data. Domestic institutional investors (DIIs) also continued to support the market with net purchases worth Rs 605.97 crore.

DIIs bought equities worth Rs 11,132.90 crore and sold shares amounting to Rs 10,526.93 crore. FPIs, on the other hand, purchased stocks worth Rs 12,011.23 crore while selling Rs 11,076.61 crore.

So far in June, FPIs have pulled out Rs 4,540 crore from Indian equities, whereas DIIs have provided steady support with net inflows of Rs 58,506 crore. Year-to-date, FPIs have withdrawn Rs 1.25 lakh crore, while DIIs have infused Rs 3.33 lakh crore into the market.

Market Performance

The Nifty ended marginally lower on Thursday, extending its losing streak for the third straight session amid weak global cues and rising geopolitical tensions. On the day of the weekly expiry, the benchmark traded within a narrow range of 130 points and finally closed 18 points lower at 24,793, down 0.08 percent.

While heavyweights such as Tata Consumer, Eicher Motors, and M&M lent some support to the index, losses in Adani Ports, Bajaj Finance, and Shriram Finance capped any upside. Meanwhile, trading volumes on the NSE cash market were subdued, falling 23 percent below the 10-day average.

The broader markets underperformed sharply, with the Nifty Midcap 100 tumbling 1.63 percent and the Nifty Smallcap 100 shedding 2 percent. Market breadth continued to remain weak for a seventh consecutive session. The advance-decline ratio on the BSE fell to 0.32 — its lowest level since May 6 — indicating widespread selling pressure.

The Indian rupee also continued its downward slide for the third day, losing 24 paise to end at 86.72 against the US dollar — its weakest close in three months. The persistent depreciation, according to market watchers, is being driven by sustained geopolitical risks and a hawkish US Federal Reserve, which has boosted the appeal of the dollar.

Sectorally, losses were broad-based. Except for Nifty Auto, all other sectoral indices ended in the red. Nifty PSU Bank, Media, Realty, Metal, and IT were among the hardest hit.

On the technical front, the Nifty remains in a consolidation phase despite closing near the day’s low. “The index is hovering near a crucial support zone. A close below 24,700 could open the door to further declines towards 24,500–24,400 levels in the near term,” said Nandish Shah – Deputy Vice President, HDFC Securities. On the upside, the 25,000 mark continues to pose strong resistance, he added.

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