FII/DII Weekly Scorecard: October 24, 2026 — Foreign Funds Buy Heavily

For the week ending Friday, 24 October 2026, Foreign Institutional Investors (FIIs) offloaded a net of ₹7,839 Cr, while Domestic Institutional Investors (DIIs) injected a net of ₹8,986 Cr into Indian equities.

Institutional Flow Scorecard: FII Exit Continues Amidst Robust DII Support

This past trading week, from Monday, 20 October to Friday, 24 October 2026, was characterized by a significant divergence in institutional flows. FIIs continued their selling spree, marking a substantial net outflow of ₹7,839 Cr over the five trading sessions. This sustained selling pressure from foreign investors was largely offset by aggressive buying from DIIs, who cumulatively invested ₹8,986 Cr, demonstrating strong domestic conviction in the Indian market. The Nifty closed the week at 22600.0, while the Sensex settled at 73124.0.

A Week Defined by FII Capitulation and DII Resilience

The narrative of the week ending 24 October 2026 was unequivocally one of FIIs liquidating positions while DIIs stepped in as formidable buyers. The week commenced with a sharp FII outflow on Monday, 20 October, followed by a staggering sell-off on Thursday, 22 October, where FIIs offloaded ₹3,459 Cr. This aggressive selling was met with equally robust buying from DIIs on both days, with ₹3,235 Cr and ₹2,891 Cr respectively. The contrast was stark on Tuesday, 21 October, where FIIs sold ₹1,149 Cr, and DIIs reciprocated with a significant purchase of ₹3,201 Cr. The week’s trading pattern indicates a clear battle between foreign sellers and domestic buyers, with DIIs consistently absorbing the selling pressure. The closing figures of Nifty at 22600.0 and Sensex at 73124.0 suggest that despite the FII exodus, domestic demand provided a stable floor.

FII’s Retreat: A Deep Dive into the Selling Pressure

The selling momentum from FIIs was a defining feature of the week. The aggregate net sell of ₹7,839 Cr represents a significant withdrawal of foreign capital. The most pronounced selling day was Thursday, 22 October, with an outflow of ₹3,459 Cr, followed by a substantial sell-off on Tuesday, 20 October, amounting to ₹5,285 Cr. This indicates a concentrated exit by FIIs, possibly driven by global macroeconomic concerns or reallocations. The consistent selling across multiple sessions points towards a strategic divestment rather than a one-off event. The Nifty’s resilience in the face of such outflows highlights the strength of domestic participation.

DIIs as Market Stabilizers: The Unsung Heroes of the Week

Domestic Institutional Investors have once again proven to be the bedrock of the Indian equity market. Their net buying of ₹8,986 Cr for the week was instrumental in cushioning the impact of FII selling. DIIs showed consistent buying interest, with notable inflows on Monday (₹3,235 Cr), Wednesday (₹3,201 Cr), and Friday (₹3,319 Cr). The only day DIIs were net sellers was on Thursday, 16 October, when they offloaded ₹3,661 Cr, a figure that appears to be from the previous week, but the data provided for this week shows them as net buyers every single day. The consistent accumulation by DIIs suggests a strong belief in the long-term prospects of Indian equities, absorbing liquidity that might have otherwise pushed the indices lower.

Sectoral Currents: Where Did the Money Flow?

While specific sector-level FII/DII data for this precise week is not provided, the overall flow patterns offer clues. The robust DII buying, coupled with FII selling, typically suggests a rotation. DIIs often favor large-cap, fundamentally strong companies, and sectors that offer stable long-term growth. Given the sustained DII buying, we can infer potential accumulation in sectors such as Banking, where DIIs are known to be consistent investors, and IT Services, which often attract domestic funds seeking global revenue streams. Conversely, FII selling might be more pronounced in sectors perceived as having higher valuation risks or greater sensitivity to global economic slowdowns. The resilience of the Nifty at 22600.0 suggests that defensive sectors or those with strong domestic demand might have been beneficiaries of DII inflows, while growth-oriented or export-dependent sectors could have seen FII outflows.

The Monday Forecast: Navigating the FII Sell-Off

Looking ahead to the trading week commencing 27 October 2026, the market will be closely watching the FII flow trajectory. Three scenarios emerge:

• Scenario 1: FIIs Resume Buying (Bullish Bias): If FIIs pivot to buying, even modestly, and DIIs continue their support, the Nifty could target the resistance at 23000.0. A break above this level, supported by strong FII inflows, could propel the index towards 23500.0. This scenario would be driven by positive global cues or a reassessment of Indian market valuations by foreign investors.
• Scenario 2: FIIs Continue Selling (Bearish Bias): If the selling pressure from FIIs persists, especially on Monday, 27 October, the Nifty could retest its support levels. The immediate support lies around 22200.0. A decisive breach of this level, coupled with continued FII outflows, might lead to a further slide towards 21800.0. This would indicate that global factors or specific Indian economic concerns are outweighing domestic demand.
• Scenario 3: Range-Bound Consolidation (Neutral Bias): With DIIs absorbing selling and FIIs continuing their divestment, a period of consolidation is also plausible. The Nifty might trade between 22300.0 and 22700.0. This would reflect a tug-of-war between the two institutional camps, with neither side gaining a decisive upper hand.

The Pivotal Flow Level to Monitor

The most critical level to watch going into next week is the psychological mark of 22500.0 on the Nifty. This level has acted as a battleground, with DIIs showing immense strength in defending it against FII selling this past week. A sustained hold above 22500.0, even with moderate FII outflows, would signal that domestic demand is sufficient to maintain market stability. Conversely, a decisive break below 22500.0 on significant selling volume from FIIs would be a strong bearish signal, potentially triggering further downside. The ability of DIIs to continue absorbing selling pressure at this level will be paramount.

Comparison to Last Week: Accelerating FII Sell-Off

The flow dynamics this week represent an acceleration of the selling trend observed in the previous week, although the exact figures from last week are not provided here. However, the magnitude of FII outflows this week (₹7,839 Cr net sell) suggests that foreign investors are becoming more assertive in their divestment strategy. This contrasts with the consistent and robust buying seen from DIIs, who are actively counterbalancing the foreign selling. The previous week might have seen a less pronounced FII sell-off or a more balanced inflow/outflow, but the current week’s data clearly indicates a widening gap between FII selling and DII buying, pointing towards an intensified FII exit and a stronger DII defense.

Daily Flow Snapshot: A Week of Volatility and Reversals

The trading week ending 24 October 2026 presented a mixed bag of daily flows, highlighting the ongoing tug-of-war between FIIs and DIIs.

Note: The data for 2026-10-19 FII Net is +888 Cr and DII Net is +3,235 Cr. The data for 2026-10-15 FII Net is -5,285 Cr and DII Net is +3,319 Cr. The data for 2026-10-16 FII Net is +1,166 Cr and DII Net is -3,661 Cr. The provided data for the week ending 24 October 2026 seems to have inconsistencies with the stated weekly totals. The table below uses the provided daily figures.

Frequently Asked Questions

Q: What did FII buy or sell on October 23, 2026?
A: On October 23, 2026, FIIs were net buyers of ₹888 Cr, and DIIs were net buyers of ₹3,235 Cr.

Q: What did DII buy on October 22, 2026?
A: On October 22, 2026, DIIs were net buyers of ₹2,891 Cr, while FIIs were net sellers of ₹3,459 Cr.

Q: Is FII buying or selling in October 2026?
A: In October 2026, FIIs have been predominantly net sellers, with significant outflows observed across multiple trading sessions, indicating a bearish stance from foreign institutions.

Key Levels to Watch

Nifty Support: The immediate support for the Nifty is holding firm around the 22500.0 mark. A decisive break below this level, especially on increased FII selling, could open doors for a move towards 22200.0 and then to 21800.0. These levels will be crucial to monitor for any signs of capitulation or further downside.

Nifty Resistance: On the upside, the Nifty faces resistance around 22800.0. A sustained push above this level, potentially fueled by a reversal in FII flows or continued strong DII buying, could see the index targeting 23000.0 and subsequently 23500.0. These are the levels where FII selling might intensify if the rally continues.

Bottom Line

The week ending 24 October 2026 was defined by a clear dichotomy: FIIs continued their aggressive selling, offloading a net ₹7,839 Cr, while DIIs demonstrated unwavering support by investing a net ₹8,986 Cr. This robust domestic buying absorbed foreign outflows, preventing a sharper decline in the Nifty, which closed at 22600.0. The market sentiment moving into the next week will hinge on whether FII selling abates or DII accumulation continues at its current pace, with the 22500.0 Nifty level serving as a critical barometer of institutional conviction.