Foreign Institutional Investors Net Sell Indian Equities Worth Rs 3,255 Crore, Domestic Institutional Investors Net Buy Rs 941 Crore

Market Volatility Continues as Foreign Investors Sell Indian Equities

Foreign investors (FIIs/FPIs) net sold Rs 3255 crore worth of Indian equities on April 23, while domestic institutional investors (DIIs) net bought shares worth Rs 941 crore, according to provisional exchange data.

The trading session saw DIIs purchasing shares worth Rs 18,498 crore and selling shares worth Rs 17,557 crore. In contrast, FIIs bought shares worth Rs 12,829 crore but sold shares totalling Rs 16,084 crore.

The year-to-date performance indicates that FIIs have been net sellers of shares worth Rs 2.16 lakh crore, whereas DIIs have net bought shares worth Rs 2.74 lakh crore.

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Market Performance

The Indian equity benchmarks witnessed a negative close on 23rd April 2026. The index opened with a gap-down of 175.75 points at 24,202.35, reflecting weak initial sentiment. It traded within a narrow range during the session, marking an intraday high of 24,310.20 and a low of 24,134.80. The index faced selling pressure at higher levels and eventually settled at 24,173.05, registering a decline of 205.05 points.

Market analysts expect the market to remain under pressure in the near term due to stalled US-Iran negotiations, continued naval blockades, and Iran's seizure of two ships, which are keeping risk sentiment fragile. The overhang on crude, the rupee, and institutional flows is unlikely to lift until there is credible de-escalation.

Global Economic Developments

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Brent crude rose for the fourth straight session to USD 103.8/barrel, while the rupee extended its losing streak for the fourth consecutive session, slipping 34 paise to 94.12 against the dollar. Naval confrontations in the Strait of Hormuz, Iran's seizure of two ships, and renewed warnings of potential strikes added to the risk-off tone globally.

However, India signed a new defence industrial cooperation roadmap with Germany, which is expected to open Germany's defence procurement market to Indian companies in a structured manner. Discussions are in final stages for an estimated USD 8 billion submarine manufacturing project in India. South Korean President Lee Jae-myung's India visit resulted in 21 strategic outcomes, with a strong focus on shipbuilding, maritime logistics, and port development.

India's planned procurement of over 400 vessels worth around rupees 2.2 lakh crore and opportunities in the port public-private partnership pipeline could support the domestic capital goods, defence, and infrastructure ecosystem.

Key Economic Data and Results

Key economic data due today include US Initial Jobless Claims and Global PMI. Key results tomorrow include Reliance Industries, Hindustan Zinc, Shriram Finance, Lodha Developers, and L&T Finance — to drive stock-specific action.