FIIs Return, but DIIs Walk — IT Masked a Flow Reversal
Foreign investors bought after four sessions of selling, but domestic institutions unloaded over 3,600 crore. The IT rally disguised an uneasy handover.
Nifty closed at 23,065, and the headline says rally. Look closer. Four IT heavyweights — Tech Mahindra, Wipro, TCS, Infosys — surged between 4.6% and 8.5%, dragging the index up almost single-handedly. Meanwhile, the institutional flow picture flipped: FIIs bought 1,165.92 crore after four straight sessions of selling, while DIIs sold 3,661.28 crore — their first net outflow in recent memory. The index rose, but the money underneath changed hands in a way that should unsettle anyone watching flows, not prices.
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Behind the gate: full narrative · India VIX · FII/DII flows · sector heat · View Evidence