FIIs turn net sellers, dump ₹4,352 Cr in equities on Friday

Foreign Institutional Investors (FIIs) turned net sellers on Friday, March 28, breaking a six-day buying streak and closing FY25 on a negative note. According to provisional data, FIIs offloaded equities worth ₹4,352 crore, while Domestic Institutional Investors (DIIs) also recorded net sales of ₹7,646 crore.

During the trading session, FIIs bought shares valued at ₹11,508 crore but sold shares worth ₹15,861 crore. Meanwhile, DIIs acquired equities worth ₹16,920 crore and divested holdings totaling ₹9,273 crore.

For the year, FIIs have net sold stocks worth ₹1.4 lakh crore, whereas DIIs have been net buyers, acquiring ₹1.88 lakh crore in equities.

Market benchmarks Nifty and Sensex ended the session lower, weighed down by continued weakness in IT and auto stocks for the second consecutive day. Concerns over potential tariffs proposed by former U.S. President Donald Trump further dampened investor sentiment. While FMCG stocks showed resilience, broader market indices struggled to recover lost ground.

The Nifty Midcap 100 and Smallcap 100 indices declined by 0.3% and 0.15%, respectively. Analysts remain cautious about elevated valuations and warn of potential downside risks despite the market’s sharp correction since September.

Sector-wise, Nifty FMCG was the only gainer on March 28, closing 0.6% higher. Nifty Bank and PSU Bank saw brief gains before ending down by up to 0.5%. Meanwhile, Nifty IT, Auto, and Pharma sectors extended their declines, each shedding around 1%. Uncertainty over Trump's proposed trade policies kept investor sentiment fragile, adding to market volatility.