In Friday’s session, foreign institutional investors (FIIs) sold shares worth ₹4,346 crore while domestic institutional investors bought stocks worth ₹3,077 crore.
The continuous selling by FIIs comes after they sold shares worth record ₹1,66,286 crore in 2025. Rising US bond yields, and a stronger dollar against the rupee are some of the key factors leading to exodus of foreign flows out of India, analysts noted.
The Indian rupee dropped to record low of 90.78 against the US dollar on Friday, January 16. Forex traders said lingering concerns over US-India trade negotiations and geopolitical tensions further dented investor sentiment.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was trading 0.08 per cent lower at 99.24.
Brent crude, the global oil benchmark, surged 0.91% to $64.34 per barrel in futures trade.
SENSEX, NIFTY50 decline nearly 2%
The equity benchmark indices have so far this month corrected nearly 2% with SENSEX dropping 1.94% and NIFTY50 index falling 1.66%, data from the stock exchanges showed.
The SENSEX on Friday declined 188 points to close at 83,570 and NIFTY50 index dropped 29 points to settle at 25,694.
The Indian equity benchmarks snapped their two-day losing streak on Friday, January 16, powered by gains in information technology (IT) shares after Infosys reported better than anticipated December quarter earnings post market hours on Wednesday.
Infosys was top gainer in the NIFTY50 index the stock ended 5.58% higher at ₹1,689 after the Bengaluru-based company raised its revenue growth guidance to 3%-3.5% from its earlier growth guidance of 2%-3% and it expects margins to be in range of 20%-22% for the current financial year.
Infosys reported a net profit of ₹6,654 crore in the third quarter of current financial year (Q3FY26), marking a decline of 2.2% from ₹6,806 crore in the same period last year. On a sequential basis, Infosys net profit declined 9.6% from ₹7,364 crore in the previous quarter.