FIIs Sell ₹2.77 Lakh Cr in Indian Markets This Year; DIIs & Rupee Boost Sentiment

• Foreign Institutional Investors (FIIs) were net sellers of ₹457 crore on December 22, contributing to a total net sale of ₹2.77 lakh crore in Indian markets this year.
• Domestic Institutional Investors (DIIs) provided strong support, buying ₹4,058 crore on December 22 and a net ₹7.61 lakh crore this year.
• Indian stock markets saw an upward trend for the second consecutive day, supported by DII buying, FII activity, and a strengthening rupee due to RBI intervention.
• Smallcap and Midcap indices rallied, with Nifty Midcap100 up 0.8% and Smallcap 100 up 1.2%; IT and Metal indices also saw significant gains.
• Despite market recovery, 73% of Nifty 500 stocks remain over 10% below their 52-week peaks, with the Union Budget eyed as a potential trigger for new highs.

Why It Matters: FIIs net sold ₹2.77 lakh crore this year, but DIIs and a strong rupee are supporting Indian markets.