FIIs Sell ₹1,597 Cr as Nifty Recovers from Gap-Down Opening | Market Insights May 21, 2026

FIIs Sell ₹1,597 Cr as Nifty Recovers from Gap-Down Opening | Market Insights May 21, 2026

In today’s episode of Indian Market in Minutes from Motilal Oswal Research Desk, host Shivangi Sarda Malpani brings you everything you need to know from the world of finance. Nifty opened gap down by around 160 points but quickly witnessed strong buying interest right from the start of the session. The index recovered all its opening losses, climbed towards the 23,700 mark, and eventually closed with gains of around 50 points. FIIs remained net sellers with outflows of ₹1,597 Cr, while DIIs stayed supportive with buying worth ₹1,968 Cr. Follow this podcast for daily market updates and solid trading advice.

In today’s episode of Indian Market in Minutes from Motilal Oswal Research Desk, host Shivangi Sarda Malpani brings you everything you need to know from the world of finance.

Nifty opened gap down by around 160 points but quickly witnessed strong buying interest right from the start of the session. The index recovered all its opening losses, climbed towards the 23,700 mark, and eventually closed with gains of around 50 points.

FIIs remained net sellers with outflows of ₹1,597 Cr, while DIIs stayed supportive with buying worth ₹1,968 Cr.

Follow this podcast for daily market updates and solid trading advice.

[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Test. We will be covering technical and derivatives, SIIs activity, index, actionable sectors and stocks to watch out. So stay tuned till the end.

[00:00:21] Hey, this is your host Shivangi Sarda Malpani and to start with our first segment for Thursday, 21 May, 2026, Nifty Index opened Gap-Down by around 160 points but picked up strength right from the start of the session and approached 23,700 zones. It covered its opening losses and managed to close in gains of around 50 points. It formed a bullish candle on the daily frame with bulls absorbing every small decline.

[00:00:47] India Wix was down by around 1.3% to 18.5 levels. Nifty put-call ratio increased to 1.24. Option data suggests a broader trading range in between 23,200 to 24,000 levels, while immediate range could be in between 23,500 to 24,000 levels.

[00:01:09] Moving on to the second segment, in the equity cash market, FIIs were net sellers to the tune of 1,597 crores, while DIIs were buyers worth 1,968 crores. FIIs index long-shot ratio decreased to 12%.

[00:01:27] Going ahead with the index actionable, debitor Zeta and price setup suggest Nifty has to now hold above 23,600 for the next up move towards 24,000 and 24,200 marks, while support can be seen at 23,600.

[00:01:54] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in CG Power, Mankind, Hindalco, Cummins, Madarsun, Patraj Auto, Policy Bazaar, Biocon, Portes and Apollo Hospital. While some weakness could be seen in Canes, Bel, T-Mart, Tata Steel, AB Capital, Exide and PG Electroplast. Wish you a super day ahead! Shivangi Sarda Malpani signing off. Follow this podcast for solid advice.

[00:02:37] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.