FII/FPIs net buy Indian equities worth Rs 3483 crore while DIIs pull out Rs 1292 crore

Bombay Stock Exchange

Foreign investors (FIIs/FPIs) net bought Rs 3483 crore worth of Indian equities on February 23, their highest buying since February 3. At the same time, domestic institutional investors (DIIs) net sold shares worth Rs 1292 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 12361 crore and sold shares worth Rs 13653 crore. In contrast, FIIs bought shares worth Rs 15294 crore but sold shares totalling Rs 11810 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 39172 crore, while DIIs have net bought shares worth Rs 82034 crore.

Market Performance

The Nifty 50 extended its winning streak for a second consecutive session, climbing 141 points to settle at 25,713. Nandish Shah - Deputy Vice President, HDFC Securities, said "The index opened firmly higher after the US Supreme Court's 6-3 ruling struck down President Trump's broad emergency tariffs. However, Nifty corrected nearly 160 points from its morning peak of 25,771 to hit 25,609 before rebounding over 110 points post-2:15 PM. Market participation saw an uptick, with NSE cash volumes rising 9% over the previous day."

Adani Ports, Kotak Mahindra Bank, and HDFC Life led Nifty gainers, while Hindalco, Wipro, and Infosys faced selling pressure as top losers.

Sectoral performance was mixed: PSU Banks, Auto, and FMCG posted the strongest gains, but IT, Chemicals, and Consumer Durables ended as laggards.

Nifty Midcap 100 dipped 0.43%, while Nifty Smallcap 100 edged up 0.29%. Market breadth stayed weak for the third day, with BSE advance-decline ratio at 0.81 amid profit-booking in midcaps and smallcaps. The Rupee strengthened 10 paise to 90.88, fueled by a softer dollar following the US court's tariff ruling and declining crude prices. "Despite today’s recovery, Nifty failed to clear the 25,885 resistance. A decisive move above it could propel Nifty toward 26,000, while 25,570 remains a key immediate support level," Shah added.