According to provisional data, foreign institutional investors (FIIs/FPIs) were net sellers on March 13. They sold shares worth Rs 792 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 1,723 crore. During the trading session of March 13, FIIs bought shares worth Rs 11,601 crore and sold shares worth Rs 12,394 crore. DIIs bought shares worth Rs 10,032 crore and sold shares worth Rs 8,308 crore. So far this year, FIIs have been net sellers of shares worth Rs 1.64 lakh crore, while DIIs have bought shares worth Rs 1.77 lakh crore.
Talking about the equity market, domestic benchmark indices closed in the red on March 13. Global market uncertainties overshadowed the good news of soft inflation data from India and the US. Automobile and IT stocks were hit the most, putting pressure on Nifty and Sensex. Indian stock markets are closed today on Friday on the occasion of Holi.
Benchmark indices started the session on a positive note on the back of a fall in US inflation and positive global cues. The fall in US inflation has raised hopes of a rate cut by the Federal Reserve.
Prashant Tapase of Mehta Equities says that the softening of inflation and the rise in GDP figures also failed to please the investors. Selling pressure dominated the market yesterday. Mixed European and Asian signals and FII selling dominated the market. Investors are worried about the possible imposition of tariffs on Indian goods by the Trump administration and its response, so the market can remain cautious with negative trends for some more time.
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