FII buying streak hits 3 weeks; Nifty climbs 0.6% to 25,144
Synopsis
After a bruising 10-week sell-off, foreign investors have now bought Indian equities for three straight weeks — pumping ₹33,340 crore in the latest week alone. With Bank Nifty surging 3.7% and Citi Research eyeing Nifty at 28,000 by 2027, the question is whether this rally has legs or whether inflation and crude risks will stall it.
Key Takeaways
FIIs were net buyers for a third consecutive week , with inflows of ₹33,340 crore in the week ended 14 November 2026 .
Nifty 50 closed 0.6% higher at 25,144.3 ; Bank Nifty surged 3.7% .
DIIs were net sellers for a second straight week , offloading ₹24,190 crore across all four sessions.
Higher-than-expected inflation in India and the US raised concerns about a potential December rate hike .
Citi Research projects Nifty 50 at 28,000 by end of 2027 , citing strong earnings and lower oil prices.
Key near-term triggers: FOMC minutes , India WPI data , and US-Iran geopolitical developments .
Foreign institutional investors (FIIs) pumped ₹33,340 crore into Indian equities during the week ended 14 November 2026, extending their buying streak to three consecutive weeks and lifting the Nifty 50 by 0.6% to close at 25,144.3. The sustained inflow marks a sharp reversal from a 10-week selling phase that had weighed on market sentiment.
How the Indices Performed
The Nifty 50 touched an intra-week peak of 25,424 on Wednesday before profit-booking trimmed gains. The Bank Nifty was the standout performer, advancing 3.7% for the week. Broader markets also held firm, with the Nifty Midcap 100 gaining 2% and the Nifty Smallcap 100 rising 2.6%.
DII Selling Offsets Some Foreign Flows
Domestic institutional investors (DIIs) were net sellers for a second straight week, offloading equities worth ₹24,190 crore across all four trading sessions. This divergence — foreign buyers versus domestic sellers — has been a recurring pattern in recent weeks, suggesting that some domestic funds may be using the FII-driven rally to trim positions.
Notably, in October, FIIs were net sellers with outflows of ₹24,475 crore, a marked improvement from outflows of ₹58,443 crore the month prior. DIIs had recorded net outflows of ₹28,943 crore in October as well.
What's Capping the Upside
Despite the positive momentum, higher-than-expected inflation readings in both India and the US capped further gains, as expectations of a rate hike at the upcoming December policy meeting gained traction. Easing Brent crude prices offered some relief, but analysts caution that US-Iran geopolitical developments and their impact on crude oil prices remain a key risk variable. Market participants are closely tracking US Federal Open Market Committee (FOMC) minutes and India's WPI inflation data for monetary policy direction.
Nifty at 28,000 by 2027: Citi's Forecast
Brokerage firm Citi Research has projected that the Nifty 50 could reach 28,000 points by the end of 2027, supported by a strong corporate earnings outlook, lower oil prices, and the prospect of slower global artificial intelligence-related capital expenditure. The bullish outlook hinges on sustained FII inflows remaining the central question heading into the coming weeks.
Point of View
Not yet a trend — and the ₹33,340 crore inflow must be weighed against October's ₹24,475 crore outflow and the month before's ₹58,443 crore exit. DII selling in every session this week suggests domestic funds see this as a tactical exit opportunity rather than a fundamental re-rating. The inflation overshoot in both India and the US is the under-discussed risk here: if December brings a rate surprise, the FII carry trade that is currently driving flows could reverse quickly. Citi's 28,000 Nifty target by 2027 is plausible on strong earnings, but it assumes crude stays benign — a fragile assumption given the US-Iran flashpoint.
NationPress
14 Nov 2026
Frequently Asked Questions
Why are FIIs buying Indian equities again?
FIIs have extended their net buying to three consecutive weeks following a 10-week selling phase, with inflows of ₹33,340 crore in the latest week. Easing crude oil prices and improved global risk appetite are cited as supporting factors, though higher inflation readings are keeping gains in check.
What is the Nifty 50's target according to Citi Research?
Citi Research projects the Nifty 50 will reach 28,000 points by the end of 2027. The forecast is supported by a strong corporate earnings outlook, lower oil prices, and the expectation of slower global AI-related capital expenditure.
Why are DIIs selling even as FIIs buy?
Domestic institutional investors were net sellers for a second straight week, offloading ₹24,190 crore. This divergence suggests domestic funds may be using the FII-driven rally as an opportunity to book profits or rebalance portfolios.
What are the key risks to the current market rally?
Analysts highlight US-Iran geopolitical tensions and their impact on crude oil prices as the primary external risk. Domestically, higher-than-expected inflation in both India and the US has raised the possibility of a rate hike at the December policy meeting, which could dampen sentiment.
What data will markets watch in the coming weeks?
Traders are focused on FOMC minutes from the US Federal Reserve and India's WPI inflation print for clues on the monetary policy outlook. Any escalation in US-Iran tensions that pushes crude prices higher could also significantly influence market direction.
