FIIs Dump Indian Equities, DIIs Step Up Buying Amid Market Slump

• Foreign Institutional Investors (FIIs) were net sellers of Indian equities worth Rs 2382 crore on December 16.
• Domestic Institutional Investors (DIIs) provided support, emerging as net buyers with acquisitions worth Rs 1077 crore.
• Year-to-date, FIIs have offloaded Rs 2.67 lakh crore, while DIIs have recorded their highest-ever annual buying at Rs 7.20 lakh crore.
• The Indian equity market extended losses, with Sensex down 0.63% and Nifty down 0.64%, due to rupee depreciation and FII outflows.
• Nifty Realty, Private Banks, IT, and Metals faced significant selling pressure, while Nifty Media and Consumer Durables showed slight resilience.

Why It Matters: FII outflows and rupee depreciation hit markets, but DIIs continue to provide crucial support.