Foreign Institutional Investors sold Indian equities for the second straight session on Tuesday. According to data available on exchanges, FIIs sold shares worth Rs 810 crore in the cash markets, against Rs 533 crore worth of shares sold in yesterday’s trading session. The Sensex also continued to slide lower for the second straight session at 59,727, down 183 points. The Nifty-50 ended lower by 46 points at 17,660.
Flows from DIIs remained positive as they bought shares worth Rs 401 crore, provisional data from exchanges showed. Flows from foreign institutional investors so far in April largely remain positive as they are net buyers of Indian equities worth Rs 3,615 crore. On the other hand, DIIs so far in this month have sold shares worth Rs 2,012 crore.
“After witnessing a rally in the last few trading session, Nifty is now consolidating in a range in the absence of any major domestic cues. Now the focus will be on global cues with major U.S. banks and Tech companies due to announce their earnings,” said Siddhartha Khemka of Motilal Oswal Financial Services.
