Indian equities despite highly cautious sentiment post US President Trump’s reciprocal announcement saw mild losses in the previous session with Nifty shedding just 0.35 per cent. Here’s Zee Business Managing Editor Anil Singhvi’s view on FIIs selling returning to D-Street.
Anil Singhvi on FII/ DII trend on April 3, 2025
Market guru Singhvi held that combining cash, stock and index futures, FIIs or foreign institutional investors (FIIs) sold equity worth as much as Rs 7,200 crore. Also, buying by domestic institutional investor (DII) category was at a weak Rs 200 crore. And looking at the screen, he said it didn’t appeared that FIIs would have sold so aggressively.
Further, the wizard held that in case, FIIs number weigh more than the global cues then only Indian equities will fall even today.
How markets may trade today?
He believes despite overall weak global cues, a slight recovery in the markets is quite optimistic. He further added that it will be a litmus test for the bulls. It is important not to break the important support level.
On Nifty levels, he said weakness will be seen below 23,100, while strengthening would be seen above 23,350.
