FIIs Return with ₹1,796 Cr Investment; DIIs Support Market with ₹300 Cr Buy on May 23

Market Performance

After a sharp correction earlier in the week, the Indian stock market saw a strong rebound on May 23, supported by renewed buying from foreign institutional investors (FIIs) and steady inflows from domestic institutional investors (DIIs).

Benchmark indices, Nifty and Sensex, rose sharply, boosted by banking, IT, and FMCG stocks. Midcap and smallcap indices also gained nearly 1%, reflecting broad market strength.

• India's VIX rose marginally by 1%, reaching 17, indicating controlled market volatility.
• FMCG led the sectoral gains with a 1.58% jump.
• IT stocks rose 1.48%, while private banks gained 1.01%.
• Nifty Bank advanced 0.81%, with energy, infra, and metal indices posting 0.85–0.97% gains.
• Only Nifty Pharma declined, slipping 0.68%.

Main News: FIIs and DIIs Drive Market Momentum

A significant trigger for the rally was the reversal in FII activity, which turned positive after a significant outflow just a day earlier.

FII Activity – May 23:

• Net purchase: ₹1,796 Crore
• Total buy value: ₹11,054 Crore
• Total sell value: ₹9,259 Crore

DII Activity – May 23:

• Net purchase: ₹300 Crore
• Total buy value: ₹10,011 Crore
• Total sell value: ₹9,711 Crore

Year-to-Date (2025):

• FIIs have net sold ₹1.20 lakh Crore
• DIIs have net bought ₹2.42 lakh Crore

The shift in FII sentiment combined with continued DII buying offered solid support to the market.

Company Details: Key Gainers and Losers

Top gainers that saw strong investor interest on May 23 included:

• Eternal
• Jio Financial
• HDFC Life
• ITC
• SBI Life Insurance

These names contributed to the bullish sentiment and helped lift the indices.

Stocks that faced pressure:

• Sun Pharma
• Mahindra & Mahindra's share price closed lower, making them the key laggards for the day.

Summary of the Article

On May 23, the stock market witnessed a strong rally driven by a ₹1,796 Crore inflow from FIIs and continued ₹300 Crore buying by DIIs. The sharp recovery in benchmark indices came after a volatile session earlier in the week. Stocks like Eternal, Jio Financial, HDFC Life, ITC, and SBI Life Insurance emerged as top gainers, while Sun Pharma and Mahindra & Mahindra share price ended in the red. The data highlights improving market sentiment supported by institutional flows.