New Delhi, Aug 22: Indian equity markets remained relatively resilient this week as strong buying by domestic institutional investors (DIIs) helped offset selling by foreign institutional investors (FIIs).
FIIs sold shares worth Rs 1,602 crore during the week, marking a return to selling after three consecutive weeks of net purchases. In contrast, DIIs remained consistent buyers throughout all five trading sessions, investing Rs 17,320 crore.
Foreign investor activity was mixed during the week. They started with selling, turned buyers for the next two sessions and then returned to selling during the final two sessions.
Despite the latest selling, FIIs remained net buyers over the past month, with total purchases of around Rs 1,282 crore. DIIs continued their strong support for the market, recording purchases of nearly Rs 48,390 crore during the same period.
So far in August, both groups have remained on the buying side. FIIs have invested around Rs 2,510 crore, while DIIs have put in nearly Rs 34,370 crore.
The benchmark Nifty ended the week 0.5 per cent lower at around 24,252, extending its corrective trend for a second consecutive week. The index fell to an intra-week low of 24,026 before recovering during the final two sessions.
Investor sentiment remained cautious as crude oil prices stayed above $92 a barrel and geopolitical tensions between the US and Iran continued to create uncertainty.
The broader market, however, showed better strength. The Nifty Midcap 100 ended the week largely unchanged, while the Nifty Smallcap 100 reached a fresh record high and gained more than 1 per cent.
Investors are expected to keep a close watch on crude oil prices, global developments and geopolitical tensions in the coming days. Institutional investment flows are also likely to remain an important factor for market direction.
Strong domestic buying continues to provide stability to Indian equities, helping the market absorb pressure from foreign fund outflows and global uncertainties.
