Market Bumpy Day: Nifty Rises 0.57% As Foreign Investors Sell ₹748 Crore While Domestic Buys Hit Historic Low

Market Bumpy Day: Nifty Rises 0.57% As Foreign Investors Sell ₹748 Crore While Domestic Buys Hit Historic Low​

Markets managed to extend their gains for the third consecutive session on Tuesday, driven by global positive cues and steady buying in specific heavyweight stocks. Despite the rally, institutional activity saw a sharp divergence, with foreign investors reporting significant net selling while domestic institutions registered minimal net purchases. The Nifty index settled at 23,989.15, marking a modest gain of 0.57%.

Institutional Flows See Stark Divide​

The daily institutional snapshot revealed a marked contrast in activity. Foreign institutional investors (FIIs) net sold shares worth ₹748 crore. While FIIs managed to buy shares totaling ₹13,887 crore during the session, they recorded sales amounting to ₹14,636 crore.

Domestic institutional investors (DIIs), however, saw their activity dip dramatically. DIIs purchased shares valued at ₹13,553.36 crore but sold an equal amount worth ₹13,553.3 crore. Crucially, the net buying by DIIs on June 16th was only recorded at ₹6 lakh.

Year-To-Date Trends and Market Drivers​

For the year so far, FIIs have been net sellers of nearly ₹3.42 lakh crore worth of shares. Conversely, domestic institutions (DIIs) have maintained a strong position as net buyers, accumulating shares valued at ₹4.4 lakh crore.

The overall positive market undertone was substantially supported by the optimism surrounding the preliminary US-Iran peace agreement. This development is reportedly easing concerns regarding potential disruptions to global energy supplies and commodity markets.

Global Cues and Commodity Relief​

Oil-sensitive sectors found temporary relief as Brent crude prices edged lower, moving toward the $81 per barrel mark. This price action provided a measure of comfort by mitigating inflationary pressures across key segments.

Despite this supportive commodity trend, investors remain focused on monitoring developments related to the formalization of the peace agreement and closely tracking trends emerging from global financial markets. Broader market indicators also showed strength, with both midcap and smallcap indices posting modest gains.

Sectoral Performance Remains Mixed​

The sectoral landscape proved varied, showing clear strengths in certain areas while others faced pressure. Realty, IT, and FMCG emerged as the standout gainers during the session. These sectors benefited from sustained buying interest despite the market capping near the 24,000 resistance level.

In contrast, metals stocks remained under significant pressure. This weakening was primarily attributed to ongoing softness witnessed across global commodity prices, which continued to impact the performance of related industries.