Foreign Investors Sell Over ₹13,000 Cr Equity, Push Nifty Into 23k‑25k Range

Foreign institutional investors have off‑loaded equity worth about ₹13,025 crore from Indian cash markets over the last two sessions, intensifying the bearish tone in the equity space. The aggressive sell‑off coincided with a flat opening for the Indian shares on Tuesday, with the Sensex posting a modest dip of 25 points to sit near 76,920 and the Nifty slipping 29 points to around 24,037.

Market watchers attribute the heightened outflow to a confluence of global stressors: soaring crude‑oil prices, a steep rise in US Treasury yields, and a general risk‑off sentiment abroad. US 10‑year yields have climbed to 4.77% while 30‑year yields sit near 5.24%, making sovereign bonds comparatively attractive.

Sector‑wise, metal and FMCG stocks led the gains, while consumption, commodities and auto sectors managed modest green ticks. Defensive segments such as health‑care, pharma, IT, real‑estate, PSU banks and private banks fell into the red.

Large‑cap stocks remained largely unchanged, with small‑cap and mid‑cap indices showing slight weakness – the Nifty Small‑Cap 100 dropped 20 points (‑0.11%) to 19,910, and the Nifty Mid‑Cap 100 fell 545 points (‑0.85%) to 63,666.

Analysts project that the Nifty is likely to continue trading within a 23,000 to 25,000 band in the near term, as foreign fund flows and global yield dynamics stay the dominant drivers.