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DII ₹4.84 trillion absorbed FII ₹1.51 trillion of selling in 2025.
FII March outflows alone crossed ₹31,000 crore, fifth consecutive week of lower highs, lower lows. The Geojit read is honest: continuing rupee weakness is the main factor behind sustained FII selling.
But the structural backstop holds. Domestic flows absorbed 3.2x the foreign selling pressure last year. Nifty 22,000 to 21,700 is the COVID-era yearly-low support. Bajaj Broking flags this zone as the critical level to monitor.
DII counter-party capacity is strongest when the index trades mid-range, weakest at panic-zone lows. Execute away from the floor.
The full structural-long ledger including the 105bps EBLR earnings tailwind for PSU banks and the rupee-as-margin-option logic for IT services sits in the note.