FPIs Turn Net Buyers As DIIs Offload Equity After A Month

Foreign portfolio investors turned net buyers of equity after they turned sellers on Monday. This comes as the United States and Iran have agreed "in-principle" to extend truce, the Associated Press reported on Wednesday. The two-week ceasefire between both the warring nations was scheduled to expire on April 21. While FPIs bought stake worth Rs 666 crore and domestic institutional investors turned net sellers after 31 days of buying as they sold shares worth Rs 569 crore.

So far this week FPIs sold stake worth Rs 1,317 crore, while DIIs bought stake worth Rs 1,863 crore. Last week, FPIs offloaded total stake worth Rs 20,710 crore, while the DIIs bought stake worth Rs 21,603 crore. The spike in FPI selling came as the tensions in Middle East rose amid Iran war.

The FPIs have sold shares worth Rs 35,962 crore in January, according to data on the NSDL. On the other hand, FPIs in February have bought stake worth Rs 22,615 crore, aided by improving risk sentiment in the geoeconomics space. However, after the FPIs staged a brief and tentative return to Indian equities, the escalating tensions in the Middle East amid the US-Iran war rattled the global risk sentiment pushing the FPIs to turn net sellers.

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In the last month they sold equity worth Rs 1.18 lakh crore posting a month with the highest ever selling. In April so far they have offloaded stake worth Rs 48,139 crore. In 2026 so far, the FPIs have net sold equities worth Rs 1.79 lakh crore.

Market Recap

Indian equity benchmarks rallied on Wednesday, erasing most Monday's losses on positive global cues as optimism grew over a diplomatic solution to the Middle East conflict. The NSE Nifty 50 closed 1.6% higher to end above 24,200, while the BSE Sensex rallied over 1,200 points or 1.64% to settle above 78,100. Stock market was shut on Tuesday due to a public holiday.