Domestic institutional investors (DIIs) provided strong support to Indian equities on Thursday, emerging as net buyers of shares worth ₹4,224.51 crore, according to provisional exchange data from CNBC TV18. This contrasted sharply with foreign institutional investors (FIIs), who remained net sellers with outflows of ₹1,987.09 crore during the session. The domestic buying exceeded foreign selling by more than ₹2,200 crore, helping cushion the impact of overseas outflows and highlighting the continued role of domestic institutions in supporting Indian equities amid persistent foreign selling pressure. Recent data shows that FIIs remained net sellers for four consecutive sessions from June 8-11, offloading equities worth a cumulative ₹14,233.77 crore, while DIIs consistently absorbed the selling pressure, purchasing equities worth a net ₹18,673.18 crore over the same period.
According to the provisional exchange data, DIIs bought equities worth ₹16,822.57 crore and sold shares worth ₹12,598.06 crore, resulting in net purchases of ₹4,224.51 crore. Meanwhile, FIIs purchased equities worth ₹14,000.58 crore but sold shares worth ₹15,987.67 crore, resulting in net outflows. The strongest DII buying was seen on June 9 at ₹6,159.48 crore, while the heaviest FII outflow occurred on June 8 at ₹5,555.67 crore. This data underscores the significant difference in institutional sentiment between domestic and foreign investors during the trading session.
According to Business Standard research, DIIs have been net buyers of stocks worth ₹10.44 lakh crore over the last two financial years (FY25 and FY26), demonstrating their sustained commitment to Indian equities. The analysis reveals that DIIs steadily increased shareholding in 34 Nifty 500 stocks quarter-after-quarter since March 2024, with prominent examples including Dr. Reddy's Laboratories, Eternal, ITC, Paytm, Adani Power, PNB Housing Finance, and Titan. As per SBI Securities, this steady investment approach is driven by select counters as part of passive investments, with companies like Dr Reddy's, Eternal, Paytm and Varun Beverages being part of key indices. Eternal is highlighted as the market leader in both food delivery and quick commerce, with potential for 4x growth in its quick commerce business.
Despite the strong institutional support, benchmark indices ended lower after a volatile trading session. The Sensex fell 151 points to close at 73,833, while the Nifty declined 53 points to settle at 23,162, as reported by CNBC TV18. Weakness in information technology, defence and broader market stocks outweighed gains in banking shares, keeping sentiment subdued through the session and contributing to the overall market decline.
