FIIs continued to be net cash sellers to the tune of Rs.1,077 crore
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 21 February 2026: FIIs continued to be net cash sellers to the tune of Rs.1,077 crore as of 19th Feb ’26 (Till date).
Global equity markets priced in 1) the soft US inflation print, 2) FOMC minutes showing a divide on the future path of rates, 3) deterioration in UK labor markets, and 4) continued narratives on AI. The Nifty-50 Index was priced in 1) a sharp increase in crude oil prices amid rising geopolitical tensions between Iran and the US, 2) lingering risks from AI disruption, and 3) worsening trade deficit, which outweighed a strong Q3FY26 earnings season. On the macro side, India’s goods trade deficit widened to US$35 bn (Dec 2025: US$25 bn), led by a sharp increase in gold imports (349% yoy). FPI flows are expected to remain volatile.
