Nifty 50 slipped 1% on Friday, closing at 23,141, while the Sensex edged up 315 points to 73,896. The dip follows a week‑long sell‑side pressure from foreign institutional investors (FIIs), who net‑sold ₹11,490 crore across five sessions.
FIIs bought ₹12,327 crore in the session but sold ₹16,021 crore, leaving a net outflow of ₹3,693.93 crore. Domestic institutional investors (DIIs) counterbalanced the sell‑side, net‑buying ₹2,838.17 crore by purchasing ₹14,035.77 crore and selling ₹11,197.60 crore.
The Nifty’s 1% weekly loss extends a 7‑week losing streak, its cumulative decline reaching nearly 6% since early September. The Sensex recorded a modest 0.6% drop this week, while the Nifty Bank and Nifty Midcap indices each slipped about 2%.
Sector‑level swings were broad: IT stocks fell 2%, the worst performer, whereas FMCG led gains at 1%. The Nifty Midcap index slid 84 points to 60,906, marking a 2% fall. IT’s slide contributed heavily to the benchmark’s overall decline.
With the market still in a cautious mood, investors await the RBI’s forthcoming policy meeting and the next round of corporate earnings releases. Market breadth remains slightly positive, with an advance‑decline ratio of 5:4, but the heavy FII outflows suggest volatility may persist.