FII outflows to ₹1L+ cr Mar vs DII buys; sell-side cuts
Key Questions
What are the recent FII outflows in the Indian market?
FIIs sold over $12B (₹1L+ cr) in March YTD, contrasting with DII buys of ₹12k cr. This marks significant net selling by foreign investors.
Which sectors have been most affected by FII outflows?
Financials, IT, Bank Nifty, and RIL have been hit hardest. The outflows contribute to pressure on these key indices and stocks.
What are the latest sell-side target revisions amid FII selling?
Goldman Sachs targets Nifty at 25.3-25.9k with a -14% potential downside, while Nomura and Citi have reiterated cuts amid market panic. This tests rotations into energy and BFSI on geopolitical and oil relief factors.
FII $12B/₹1L+ cr Mar sells YTD (Apr21 ₹1,919 Cr latest) vs DII ₹12k+; hits finls/IT/Bank Nifty/RIL; GS 25.3-25.9k/-14%/Nomura/Citi cuts amid panic; tests energy/BFSI rots despite risk-on mood.
Sources (1)
Updated Apr 22, 2026