Foreign Institutional Investors Buy Indian Equities Worth Rs 683 Crore, Domestic Institutional Investors Sell Rs 4,721 Crore on April 17

Indian Equities Witness Net Buying by Foreign Investors

On April 17, foreign investors (FIIs/FPIs) net purchased Indian equities worth Rs 683 crore. In contrast, domestic institutional investors (DIIs) net sold shares worth Rs 4,721 crore, according to provisional exchange data.

The trading session saw DIIs purchase shares worth Rs 17,514 crore and sell shares worth Rs 22,235 crore. Meanwhile, FIIs bought shares worth Rs 16,035 crore and sold shares worth Rs 15,352 crore.

Year-to-Date Performance

For the year so far, FIIs have been net sellers of shares worth Rs 2.12 lakh crore, while DIIs have net bought shares worth Rs 2.71 lakh crore.

Market Performance

The benchmark Nifty 50 surged 157 points (0.65 percent) to 24,354, and the BSE Sensex jumped 505 points (0.65 percent) to 78,494, marking a nearly 10 percent rally from the April 2 low. This rally is driven by the rising hope for a potential US-Iran deal and persistent FIIs buying in the past three sessions.

| Market Index | April 17 Change | Year-to-Date Change | | --- | --- | --- | | Nifty 50 | 0.65% (157 points) | | | BSE Sensex | 0.65% (505 points) | |

The broader markets outperformed the benchmark indices, with the Nifty Midcap and Smallcap 100 indices climbing 1.27 percent and 1.48 percent, respectively. The India VIX, the fear index, slipped 4.86 percent to 17.21, the lowest level since March 2.

Most sectors, excluding IT, participated in the rally, with Nifty FMCG leading the charge by soaring 2.65 percent, driven by price hikes, healthy business updates, and valuation comfort.

The domestic market closed the day higher, supported by improving prospects of a Middle East resolution and a reversal in FII flows into net buying. A ceasefire between Israel and Lebanon helped keep crude below $100 a barrel, easing pressure on import-dependent economies.

At 19:31 hours IST, the Brent crude, the international oil benchmark, plummeted 9.70 percent to $88.67 a barrel. The prices started trading below 50-day EMA now, while the 10 and 20-day EMAs trended down since last week.

The rupee strengthened by 0.57 percent to 92.47 against the US dollar, aided by RBI measures and softening geopolitical tensions.

As the Q4 earnings season gains momentum, results will be a key litmus test for FY27 estimates. Even as investors await the second round of peace talks to resume, the receding crude oil prices are keeping the mood upbeat.

"If the talks translate into some positive developments, we may see extended uptick in markets with a cautious bias," said Ankur Punj, MD & Business Head at Equirus Wealth.