FPIs Turn Net Sellers As Nifty Ends Flat After Sharp Intraday Moves

In a volatile trading session, Indian equity markets saw the Nifty index ending flat despite sharp intraday fluctuations. Foreign Portfolio Investors (FPIs) turned net sellers, contributing to a cautious market sentiment, while domestic institutional investors (DIIs) continued their buying spree, purchasing shares worth Rs 5,032 crore over the past three days. This divergence in investment behavior reflects the ongoing uncertainty in global markets, influenced by various economic factors, including inflation and interest rate concerns. Analysts suggest that the market's direction may heavily depend on upcoming economic data and global cues, as investors remain on edge amidst fluctuating performance. The resilience shown by domestic investors indicates confidence in the Indian market's long-term potential, even as FPIs reassess their strategies in light of changing global dynamics.