Latest news with #DIIs
Business Standard
11 hours ago
- Business
- Business Standard
Indices may open lower on mixed global cues
GIFT Nifty: GIFT Nifty August 2025 futures were trading 39.50 points lower in early trade, suggesting a negative opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,681.23 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,578.43 crore in the Indian equity market on 21 July 2025, provisional data showed. According to NSDL data, FPIs have sold shares worth Rs 10476.30 crore in the secondary market during July 2025. This follows their purchase of shares worth Rs 8466.77 crore in June 2024. Global Markets: Asian stocks traded mixed on Tuesday as investors turned cautious ahead of the looming August 1 deadline for potential US trade tariffs. Japanese stocks, in particular, saw sharp swings after Prime Minister Shigeru Ishibas ruling coalition lost its majority in the upper house. Wall Street offered little direction, with US indices closing mostly flat overnight despite hitting fresh intraday records. The spotlight this week remains firmly on corporate earnings, with Tesla and Alphabet set to report on Wednesday. By the close in New York, the Dow slipped 0.04%, the S&P 500 inched up 0.14%, and the Nasdaq rose 0.38%. Domestic Market: The domestic equity benchmarks ended higher Monday, reversing a two-day decline. Gains were driven largely by robust Q1 earnings from major private lenders HDFC Bank and ICICI Bank, which helped offset persistent global trade challenges. The Nifty closed above the 25,050 level, buoyed by private banks, financial services, and metals. The S&P BSE Sensex advanced 442.61 points or 0.54% to 82,200.34. The Nifty 50 index added 122.30 points or 0.49% to 25,090.70.
Hans India
2 days ago
- Business
- Hans India
Quarterly updates will direct market mood
Amidvolatility led by uncertainties in trade agreement with the US, tepid corporate earnings, persistent FII selling, better domestic macro data, and above normal monsoon; the benchmark indices extended their fall for the third consecutive week. The Sensex shed 742.74 points or 0.90 percent to close at 81,757.73, and the Nifty fell 181.45 points or 0.72 percent to close at 24,968.40. In this month till date, the Sensex and the Nifty have quietly declined 2 percent each. Consolation for retail investors was that broader markets outperformed during the week ended and both the Mid and Small-cap indices gained 1 percent and 1.5 percent, respectively. The FIIs continued their selling in the third week, with sales worth Rs 6671.57 crore. Expectedly, DIIs extended their buying in the 13th week with purchases worth Rs 9,490.54 crore. It is pertinent to observe that, in this month till date, FIIs sold equities worth Rs 16,955.75 crore, while DIIs bought equities worth Rs 21,893.52 crore. The Indian rupee weakened to mark its second consecutive weekly loss, as the U.S. dollar rebounded from a more than two-year low and sustained equity outflows pressured domestic markets. The rupee closed at 86.1475, compared to its previous close of 86.0750. Markets are keenly looking forward to the upcoming monsoon session of Parliament. If the government can push through the SEZ Amendment Bill in the monsoon session of Parliament, it will be a fillip for industry feel observers. Rising fertiliser prices pose risk to government's subsidy estimates with prices in the international market are rising on trade restrictions, tight supplies and steady demand. On the global front, markets are closely monitoring the outcome of the proposed US-India mini trade agreement. A favourable resolution could strengthen the outlook for export-oriented sectors and enhance India's relative attractiveness among emerging markets. Meanwhile, the continued moderation in inflation has bolstered expectations of an additional rate cut, which, if materialised, would be supportive of market sentiment. As the earnings season progresses, quarterly updates from index heavyweights will be closely monitored. Strong earnings growth is vital to justify India's premium valuations. At the start of the week ahead, market will also react to the earnings of RIL, JSW Steel, HDFC Bank and ICICI Bank. Nearly 286 companies are scheduled to announce their June quarter results over the next six days. Among the Nifty constituents, results are expected from Eicher Motors, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Dr. Reddy's Laboratories, Infosys, Tata Consumer Products, Nestlé India, SBI Life Insurance, Cipla, Kotak Mahindra Bank, Paytm, IRFC, United Breweries, Zee Entertainment, and Bajaj Housing Finance Follow market trends and history. Don't speculate that this particular time will be any different. For example, a major key to investing in a specific stock is its performance over five years. FUTURES & OPTIONS / SECTOR WATCH Under the shadow of global uncertainty and weak earnings, both the Nifty and the Bank Nifty ended the week in the red note. The Nifty oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. Nifty slipped over 0.70%, while Bank Nifty underperformed with a loss of more than 0.80%. In the options market, prominent Call open interest for Nifty was seen at the 25,200 and 25,100 strike, while the notable Put open interest was at the 25,000 and 24,800 strike. For Bank Nifty, the prominent Call open interest was seen at the 57,000 strike, whereas notable Put open interest at the 56,000 strike. Implied volatility (IV) for Nifty's Call options settled at 10.83%, while Put options concluded at 11.49%. The India VIX, a key indicator of market volatility, concluded the week at 11.24%, suggesting continued complacency in the markets. The Put-Call Ratio Open Interest (PCR OI) stood at 0.99 for the week. While the broader trend remains intact and the Nifty is above key moving averages, it is still within a complex zone of consolidation. It is pertinent to observe that this pause in momentum comes after a sharp up move from the lows near 21743 in April. The immediate resistance for the Nifty is at 25150, followed by 25400. On the lower side, the key support zones are placed at 24750 and further near 24380. Traders should closely watch the psychological mark of 25,000 if Nifty manages to close above it, we could see a short-term bounce. But if it keeps trading below this level, the market may face more downside pressure. Savvy old timers say it would be prudent for traders to remain selective and protect profits at higher levels. The markets are not displaying signs of aggressive strength, and unless there is a convincing move above 25350, a stock-specific approach with tight risk management is advised. Traders may avoid aggressive fresh buying until a directional move is clearly established. Cautious optimism, with a focus on stocks exhibiting stronger relative strength, is the ideal approach for the coming week. Stocks looking good are Amber, Adani Green, Hero Motocorp, Jindal Steel, JSW Steel, Prestige and Paytm. Stocks looking weak are BDL, RVNL, Pidilite, Tata Technologies, SBI Card and Inox Wind. (The author is a senior maket analyst and former vice-chairman, Andhra Pradesh State Planning Board)
Economic Times
4 days ago
- Business
- Economic Times
FIIs pull out over $1 billion from Dalal Street in 5 days of non-stop selling
FIIs have pulled out over Rs 10,000 crore from Indian equities in five days, reversing their three-month buying streak. DIIs remain net buyers. July shows renewed bearishness, with Citi downgrading India to 'neutral' due to high valuations and weaker earnings forecasts. Global concerns continue to pressure Indian markets. Tired of too many ads? Remove Ads In contrast, DIIs stay bullish Tired of too many ads? Remove Ads Citi downgrades India to 'Neutral' Foreign Institutional Investors ( FIIs ) have resumed their aggressive selling spree in Indian equity markets, registering net outflows for five consecutive trading sessions. Over this brief yet impactful period, FIIs have withdrawn a staggering Rs 10,169 crore, surpassing the USD 1 billion mark in cumulative selling. This data includes the heavy outflow recorded on July most significant pullback came on July 17, when FIIs sold Rs 3,671 crore, marking the second-largest single-day outflow in the past five sessions. The biggest single-day exit was a whopping Rs 4,495 crore, underlining the intensity and pace of FII while FIIs were offloading equities, Domestic Institutional Investors (DIIs) stepped in as consistent buyers. Over the same five-day period, DIIs pumped in close to Rs 11,000 crore, providing some support to the market and helping absorb the selling focus back to FIIs — on a monthly basis, July has reversed the trend. FIIs, who were net buyers for three straight months — from April to June 2025 — have now turned net sellers. Their most aggressive buying was seen in June 2025, when they invested around Rs 14,600 crore into Indian equities . This makes July's sharp exit even more broader trend for calendar year 2025 also paints a bearish picture. So far, FIIs have pulled out nearly Rs 90,000 crore from Indian equities, pointing to persistent caution and growing discomfort with current market V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "In July so far, India has been underperforming most markets, with a dip of 1.6% in the Nifty. A significant contributor to the decline is the selling by FIIs. There is a clear pattern in FII activity this year: they were sellers in the first three months, turned buyers for the next three, and in the seventh month, the trends so far indicate further selling — unless some positive news reverses the downtrend in the market. Along with selling in the cash market, FIIs have been increasing short positions in the derivatives market too, which reflects a bearish outlook. Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity."Global brokerage firm Citi has downgraded India to 'neutral' from 'overweight', citing elevated valuations and a moderation in earnings growth forecasts. The brokerage maintained its 'overweight' stance on China, Korea, and the Philippines, reflecting better earnings revision trends and more attractive valuations, ET reports."India remains the most expensive market (23 times) compared to both its peers and its own average valuation," said Citi. The brokerage added that while India's macro story looks better than its peers and a US trade deal is possible, the market's earnings growth outlook "no longer looks exceptional" against the backdrop of high valuations.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
5 days ago
- Business
- Business Standard
GIFT Nifty points to weak start as FPIs extend selloff
GIFT Nifty: GIFT Nifty July 2025 futures were trading 21.50 points lower in early trade, suggesting a negative opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 3,694.31 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,820.77 crore in the Indian equity market on 17 July 2025, provisional data showed. According to NSDL data, FPIs have sold shares worth Rs 107797.48 crore in the secondary market during July 2025. This follows their purchase of shares worth Rs 8466.77 crore in June 2024. Global Markets: Asian shares were trading higher on Friday, taking cues from Wall Street's rally overnight. Investors cheered a batch of upbeat US economic reports and corporate earnings that comfortably beat expectations. In Japan, inflation showed some signs of cooling. Core inflation for June eased to 3.3%, down from Mays 29-month high of 3.7%, with rice prices showing signs of moderation. Headline inflation also slipped to 3.3%, from 3.5% the previous month. However, the "core-core" inflation gauge, closely tracked by the Bank of Japan, as it strips out both food and energy, edged up to 3.4%, hinting that underlying price pressures are still in play. Over on Wall Street, the S&P 500 and Nasdaq closed at record highs on Thursday. Strong earnings and resilient consumer spending drove the rally. The Dow Jones rose 0.52%, while the S&P 500 climbed 0.54%, and the Nasdaq jumped 0.74%. Investors also brushed off worries about new US trade tariffs set to kick in from August 1 under President Trump, focusing instead on growth and AI-fueled optimism. Taiwanese chip giant TSMC stole the spotlight with stellar earnings and a bullish outlook on AI-related demand. Its US-listed shares surged 3.4%, igniting gains across the semiconductor and tech sectors. Adding to the momentum, US retail sales rebounded strongly in June after two months of decline. Sales rose 0.6% month-on-month, reversing a 0.9% dip in May, thanks to increased auto purchases and a still-healthy consumer. Domestic Market: Equity benchmarks ended slightly lower on Thursday as investors navigated mixed global cues and a choppy trading session marked by the weekly F&O expiry. After opening flat, the Nifty gradually lost ground, and a mid-session recovery attempt fizzled out, eventually closing below the 25,120 mark. The S&P BSE Sensex declined 375.24 points or 0.45% to 82,259.24. The Nifty 50 index fell 100.60 points or 0.40% to 25,111.45.
Business Standard
7 days ago
- Business
- Business Standard
Indices set for a sideways shuffle as global signals stay mixed
GIFT Nifty: GIFT Nifty July 2025 futures were trading 3.50 points higher in early trade, suggesting a flat-to-positive opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 120.47 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,555.03 crore in the Indian equity market on 15 July 2025, provisional data showed. According to NSDL data, FPIs have sold shares worth Rs 6354.15 crore in the secondary market during July 2025. This follows their purchase of shares worth Rs 8466.77 crore in June 2024. Global Markets: Asian market opened on a choppy note Wednesday after US President Donald Trump claimed a preliminary trade deal with Indonesia, which surprisingly includes a 19% tariff on the countrys exports to the US. Eyes are also on Indonesias central bank, which is expected to announce its policy decision later today. Back in the US, stocks ended mostly lower on Tuesday despite early gains in tech. The S&P 500 slipped 0.4% and the Dow tumbled 0.98%, while the Nasdaq eked out a modest 0.18% rise. Both the S&P 500 and Nasdaq briefly touched record highs before retreating. June's consumer price index came in slightly hotter than expected, reigniting concerns that fresh tariffs could add more heat to inflation. According to the Bureau of Labor Statistics, consumer prices rose 2.7% year-on-year and climbed 0.3% between May and June. The data bolstered expectations that the Federal Reserve will hold off on any rate cuts for now. Tariff jitters were far from over. Trump doubled down Tuesday evening, confirming that his proposed 200% tariffs on pharmaceutical imports will kick in by month-end, alongside a broader package of trade levies. Earlier, he announced a 30% tariff on imports from Mexico and the EU. The European Union pushed back sharply and is reportedly preparing retaliatory tariffs on US products including cars and alcohol. In earnings land, Wall Streets biggest banks kicked off the season with a bang. JPMorgan Chase, Citigroup, and Wells Fargo all topped Q2 profit estimates, thanks to solid performance in both consumer and investment banking segments. Domestic Market: Equity benchmarks ended a four-day losing streak with modest gains on Tuesday, as easing CPI inflation lifted investor sentiment. Hopes of a potential rate cut spurred buying interest, pushing all NSE sectoral indices into the green. After a quiet start, the market gathered pace through the day, with the Nifty closing well above 25,150, led by strength in auto, healthcare, and pharma stocks. The S&P BSE Sensex jumped 317.45 points or 0.39% to 82,570.91. The Nifty 50 index added 113.50 points or 0.45% to 25,195.80. In the past four consecutive trading sessions, the Sensex and the Nifty dropped 1.74% and 1.72%, respectively.
