Synopsis FIIs clocked their largest single-day outflow of a provisional ₹8,295.17 crore from Indian equities on Friday, but remained cumulative net buyers of index futures — Nifty and Bank Nifty — to the extent of 29,211 contracts on the first day of the March derivatives. iStock FIIs have largely been net buyers of index futures since the beginning of the current fiscal, except for a few days in May and October-November of last year. MUMBAI: Foreign institutional investors (FIIs) sold the most shares by value on a single day Friday, but market analysts cite their cumulative net bullish stance on index futures — Nifty and Bank Nifty — to claim that the correction from February 16’s record high of 15,431.75 might have more or less played out.