Domestic institutional investors (DIIs) continued to lend support to Indian equities on Tuesday, while foreign institutional investors (FIIs) turned marginal net buyers, reversing their selling stance from the previous session. According to provisional exchange data, DIIs were net buyers of equities worth ₹680.21 crore during the session, purchasing shares worth ₹16,863.04 crore and selling equities worth ₹16,182.83 crore. FIIs posted net purchases of ₹17.86 crore after buying shares worth ₹15,396.07 crore and selling equities worth ₹15,378.21 crore.
The institutional support came despite a weak trading session on Dalal Street, where benchmark indices witnessed broad-based selling pressure. The Sensex tumbled 893 points to close at 76,201, while the Nifty50 shed 279 points to settle at 23,824. Market breadth remained firmly in favour of declines, with 41 of the 50 Nifty constituents ending lower, and the NSE advance-decline ratio standing at 2:5. Sector-wise, selling pressure was visible across most sectors, with Information Technology, Focused IT, PSU Banks, Consumer Discretionary, Oil & Gas, Industrials, Consumer Durables, Realty, Services, Utilities, and Auto emerging as the major laggards. Weakness was also witnessed in Capital Goods, FMCG, Power, Hospitals, and Energy stocks, while Private Banks, Top 10 Banks, Healthcare, Telecommunication, and Bankex showed relative resilience.
Market sentiment turned decisively positive on Monday, with Nifty 50 closing at 24,102.90, up 99.80 points (+0.37%) from the previous close of 24,013.10. The index traded in a range of 24,073–24,168 during the session, witnessing strong buying interest before paring some gains in late trade. Market breadth remained firmly positive, with 2,149 stocks advancing against 1,206 declining, and 100 stocks remaining unchanged, reflecting broad-based buying interest across the market. Sectorally, Nifty Pharma (+1.24%) and Nifty Media (+1.42%) spearheaded the rally, alongside a noticeable rebound in IT and Oil & Gas heavyweights like Reliance Industries. The rally was supported by a decline in crude oil prices amid optimism over progress in U.S.–Iran peace talks.
The Indian rupee also weakened against the US dollar, depreciating 11 paise to close at 94.74 (provisional), pressured by a stronger greenback and weakness in local equities. So far in June, FIIs have remained net sellers in the cash market, pulling out ₹43,662.14 crore. Foreign investors purchased shares worth ₹2,56,359.54 crore during the month, while gross sales stood at ₹3,00,021.68 crore. DIIs, on the other hand, continued to provide a cushion to the market, emerging as net buyers of ₹66,771.34 crore during the period.
