Foreign investors (FII/FPI) made net selling in Indian markets on December 22. He sold shares worth Rs 457 crore in the Indian markets. However, domestic institutional investors (DIIs) bought shares worth Rs 4,058 crore. This information has been received from the provisional data of the exchanges.
DII made purchases worth Rs 15296 crore
During trading on Monday, DIIs bought shares worth Rs 15,296 crore, while they sold shares worth Rs 11,238 crore. In contrast, FIIs bought shares worth Rs 10,714 crore but sold shares worth Rs 11,171 crore. This year, foreign investors have sold shares worth a net Rs 2.77 lakh crore in the Indian markets. In comparison, DIIs have made a net purchase of shares worth Rs 7.61 lakh crore.
Market is also getting support from strengthening rupee
Siddharth Khemka, Research Head, Wealth Management, Motilal Oswal Financial Services, said that the Indian stock markets continued to rise for the second consecutive day on December 22. In the last three days, there was a strengthening of market sentiment due to FII buying and strengthening of rupee. The rupee strengthened against the dollar for the second consecutive day. RBI intervention is involved in this.
Good rise in smallcap and midcap indices also
Smallcap and midcap stocks also witnessed good growth in the stock market. Due to this, Nifty Midcap 100 index closed 0.8 percent higher, while Smallcap 100 index closed 1.2 percent higher. The number of shares rising in the market was more than the number of shares falling. Most of the Nifty indices closed in the green mark. The IT index rose by 2.1 percent and the metal index rose by 1.4 percent.
IT index rises for the fourth consecutive session
Khemka said that the impact of the Federal Reserve’s reduction in interest rates in America and the sharp rise in Infosys’ ADR was visible on the Nifty IT index. Nifty IT index closed higher for the fourth consecutive day. Good buying was also seen in railway and defense shares. The reason for this is that the allocation for Railways and Defense is expected to increase in the Union Budget.
Most stock prices below all-time highs
Market major indices are close to their all-time highs at the end of 2025. But the prices of most shares are far from their peak. Because of this, despite good recovery in the market, the portfolio of most investors remains weak. 73 percent of Nifty 500 shares are down more than 10 percent from their 52-week peak. The condition of midcap and smallcap stocks is even worse.
Market awaits big trigger for new high
Market participants say that consolidation is visible in the market for the last 1-2 months. Despite the recovery, major market indices are nearing their all-time highs. There needs to be a reason to surpass their previous all-time high. The Union Budget to be presented on February 1 could prove to be that trigger. If the government focuses on increasing the target of capital expenditure and reducing the target of fiscal deficit, then it will have a positive impact on the market.