Foreign Institutional Investors (FIIs) have poured in over ₹16,000 crore into Indian equities in just three sessions this truncated trading week, marking a strong comeback after recent global jitters triggered by the US tariff escalation. The sustained buying by FIIs has not only reversed all of India’s recent losses due to tariff-related concerns but has also propelled key benchmarks to multi-month highs, with the Nifty Bank index now hovering near record territory.
According to exchange data, FIIs bought ₹4,667 crore worth of shares on April 17, ₹3,936 crore on April 16, and ₹6,065 crore on April 15. This takes the total FII inflow in the cash market to ₹16,668 crore in just three trading sessions. The sharp rebound in FII sentiment has been instrumental in driving the benchmark indices to their biggest weekly gains in over two years.
For the week ended April 17, the Sensex and Nifty surged more than 4% each, while the broader Midcap index also posted gains exceeding 4%. The Nifty Bank index, led by heavyweight private lenders, surged over 6%, registering its biggest weekly advance in nearly two years. All sectoral indices ended the week in the green, with Realty and Financials emerging as top gainers. Notably, 49 out of the 50 Nifty constituents posted positive returns for the week, with some stocks rallying up to 15%.
Thursday, April 17, witnessed a particularly sharp rally across indices. The Sensex jumped 1,509 points to close at 78,553, while the Nifty surged 414 points to settle at 23,852. The Nifty Bank index climbed 1,172 points to end at 54,290, just shy of its record high. The Nifty Midcap index also gained 312 points to close at 52,658.
Despite the week being shortened due to market holidays on Monday and Friday, Indian equities have outperformed their global peers, and are now the only major market to have completely recouped tariff-related losses.
