FIIs net sell Indian equities worth Rs 438 crore on September 10, DIIs net buy Rs 1,026 crore

Fresh updates from the financial markets indicate that Foreign institutional market participants turned net sellers on Thursday, offloading Rs 438.24 crore of Indian equities, while domestic institutional market participants bought a net Rs 1,025.85 crore, according to NSE data. The flows came as the key market indices snapped a three-day losing streak, even as elevated crude prices and geopolitical concerns continued to weigh on sentiment.

FIIs bought shares worth Rs 11,882.95 crore and sold Rs 12,321.19 crore. DIIs, in the meantime, bought Rs 13,326.33 crore and sold Rs 12,300.48 crore.

With Thursday’s flows, FIIs have remained net sellers in recent sessions. Their net buying for the month stands at around Rs 1,510 crore, while DIIs have bought a net of over Rs 23,000 crore so far in September.

Indian equities are likely to stay under pressure amid elevated crude prices and ongoing geopolitical risks, according to Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services.

“Brent crude has crossed the US$100/bbl mark and is at present around US$102–107/bbl, with rising attacks on commercial shipping increasing the risk of supply disruptions amid the intensifying war. The conflict has entered its seventh month with no signs of de-escalation. Any further escalation around the Strait of Hormuz could propel crude prices elevated, adding pressure on the indian rupee and potentially warranting a policy response,” Khemka stated.

On Thursday, the Nifty 50 snapped its three-day losing streak, rising 0.2% to 23,477.80, supported by buying in banking and realty stocks. Broader markets remained mixed, with Midcap 100 declining 0.4% while Smallcap 100 ended flat. Media and PSU Banks outperformed, while Metals, Pharma and Auto lagged.

FIIs remained net sellers, offloading ₹438 crore on Thursday. Market participants will now track the NSE IPO price range announcement, US August CPI data, and India’s weekly FX reserves amid elevated crude and pressure on the indian rupee.