FPI/FIIs net buy Indian equities worth Rs 995 crore while DIIs pump in Rs 187 crore

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• FIIs net bought Rs 995 crore, DIIs net bought Rs 187 crore
• Nifty ended modestly higher after early volatility
• Banking stocks led gains, sectoral trends were mixed

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Foreign investors (FIIs/FPIs) net bought Rs 995 crore worth of Indian equities on 187 crore February 17. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 187 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 12483 crore and sold shares worth Rs 12296 crore. In contrast, FIIs bought shares worth Rs 8868 crore but sold shares totalling Rs 7872 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 43,983 crore, while DIIs have net bought shares worth Rs 80,845 crore.

Market Performance

Reflecting on the market performance today, Ajit Mishra, SVP, Research, Religare Broking, said: "Markets traded with volatility today and ended modestly higher as participants balanced early weakness with selective buying. The Nifty opened lower in response to weak global cues and pressure from cyclical segments but regained momentum as the session progressed and finally settled around the 25,725.40 level."

Sectoral trends were mixed, with a rebound in technology and defensive stocks, while metal and realty names lagged during the session. Midcap and smallcap indices also posted limited gains, indicating selective broader market support.

"Sentiment remained cautious amid mixed global developments and the absence of any major domestic triggers. Early selling pressure, driven by weak global cues, was gradually absorbed as optimism around stock-specific developments, including corporate partnerships and sectoral triggers in IT, helped limit losses," he explained.

Despite the cautious undertone, pockets of risk appetite emerged as participants positioned themselves in relatively strong themes.

Mishra says, "We may see continued consolidation in the Nifty index in the absence of a major trigger, although sectoral moves are likely to keep participants engaged. Currently, strength in banking stocks is doing most of the heavy lifting, while other sectors are contributing on a rotational basis. However, it may be difficult for the market to deliver a strong directional move without sustained participation from other key sectors. We therefore suggest focusing on stock selection and trade management, with a preference for banking, energy, auto, and select metal counters for long trades, while being selective in other sectors."