Foreign institutional investors turned net sellers of ₹735.83 crore on July 15, while domestic institutions provided stability with a net purchase of ₹704.93 crore. This shift in foreign sentiment follows a strong recovery in July after substantial outflows during the month of June.
Indian equity markets witnessed a shift in investor activity on July 15 as foreign institutional investors turned net sellers, offloading shares worth ₹735.83 crore. This move marks a change from the recent trend of foreign buying seen earlier this month. Despite this daily outflow, the overall picture for July remains positive, with foreign investors having net invested approximately ₹3,837 crore so far.
Domestic Institutions Anchor Market Stability
Domestic institutional investors continued to act as a significant pillar of support for the market. On July 15, these institutions purchased equities worth ₹16,226.42 crore and sold ₹15,521.49 crore, resulting in a net buying figure of ₹704.93 crore. Year-to-date, this trend has been even more pronounced, with domestic investors having invested roughly ₹4.71 lakh crore, effectively countering the massive sell-off by overseas investors who have divested approximately ₹3.46 lakh crore during the same period.
Market Movement Amid Quarterly Earnings
Benchmark indices showed volatility throughout the trading session on July 15, influenced by the ongoing Q1FY27 earnings season and external pressures. The Sensex managed to close higher by 130.49 points at 77,185.43, while the Nifty 50 finished with a modest gain of 26.45 points at 24,078.50. Market sentiment remained cautious throughout the day, dampened by a weaker rupee and firm crude oil prices, which led to noticeable profit booking in the latter half of the session.
Sector performance remained mixed as the trading session progressed. Gains were primarily driven by the Nifty PSU Bank, Consumer Durables, Oil & Gas, and Chemicals indices. In contrast, sectors such as Metal, IT, and FMCG faced selling pressure. Despite the cautious sentiment in larger stocks, the broader market showed resilience, with the Nifty Midcap 100 index gaining 0.28% and the Nifty Smallcap 100 index rising by 0.67%.
The primary monitorable for investors in the coming sessions will be the trajectory of corporate earnings for the June quarter. Additionally, movements in global crude oil prices and the stability of the rupee will remain key factors influencing the direction of foreign flows. Investors will be observing whether domestic institutions can maintain their current pace of buying to cushion the market against any further foreign selling.