FIIs net sell Rs 3,209 crore-worth Indian equities; DIIs net buy Rs 3,618 crore

According to fresh market updates, Foreign institutional market participants (FIIs) remained net sellers of Rs 3,208.76 crore in the cash market on September 17, while domestic institutional market participants (DIIs) were net buyers of Rs 3,617.75 crore. Indian equities maintained their upward journey for the second consecutive session after the The US central bank announced a 0.25 percent interest-rate gain, amid elevated crude prices and bond yields.

FIIs bought shares worth Rs 8,761.71 crore and sold shares worth Rs 11,970.47 crore during the session. DIIs bought shares worth Rs 14,105.01 crore and sold shares worth Rs 10,487.26 crore, according to exchange data.

With Thursday's flows, FIIs have turned net sellers of Rs 7,640.48 crore in September so far, while DIIs have invested Rs 35,198.99 crore in the month.

Indian equities witnessed a mixed trend on Thursday, with the Nifty 50 advancing 53 points, or 0.23 percent, to end at 23,271, while the BSE Sensex declined 22 points, or 0.03 percent, to 74,314.6. Traders at large digested the 0.25 percent interest-rate gain announced by the The US central bank on Wednesday, while its commentary signalled the possibility of one more interest-rate gain towards the end of the year. Oil price marks remained above the $100-a-barrel mark for the seventh consecutive session, although they eased from marks near $110 a barrel. In the meantime, US bond yields eased after rising consistently for the previous eight sessions, but remained elevated.

Pharma, healthcare, cement, realty, metal, and auto stocks led the upside, while banks and oil & gas stocks lagged. The broader markets outperformed the frontline indices, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.92 percent and 0.76 percent, respectively. Market participants favoured firms with firm earnings visibility, solid order books, and healthy balance sheets, particularly in the capital goods, industrial, defence, power, and healthcare sectors.

"The anticipated Fed interest-rate gain, along with easing bond yields, offered temporary backing to global equities and reinforced expectations of gradually moderating inflation. Despite this, domestic markets remained volatile," Vinod Nair, Head of Research at Geojit Investments, stated.

According to him, investor sentiment is likely to stay wary amid concerns over a possible broader rate-tightening cycle, fuelled by ongoing tensions in the Middle East and the risk of elevated US tariffs.