FII/FPIs net buy Indian equities worth Rs 394 crore, while DIIs net bought Rs 2634 crore on Jan 29

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• FIIs net sold Indian equities worth Rs 394 crore on January 29
• DIIs net bought shares worth Rs 2634 crore, supporting market recovery
• Nifty50 closed up 0.30 percent, marking third straight positive session

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Foreign investors (FIIs/FPIs) were net sellers of Indian equities worth Rs 394 crore, on January 29. While domestic institutional investors (DIIs) net bought shares worth Rs 2634 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 24,424 crore and sold shares worth Rs 21,785 crore. In contrast, FIIs bought shares worth Rs 20,213 crore but sold shares totaling Rs 20,607 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 43,682 crore, while DIIs have net bought shares worth Rs 69,816 crore.

Market Performance

Reflecting on the market performance today, Osho Krishan, Chief Manager -Technical and Derivative research at Angel One, said, "The Indian equity markets commenced the trading session on a bleak note, reflecting mixed signals from global markets. The benchmark index underwent a considerable correction in the initial hours, ultimately testing the 200-DSMA. Nevertheless, the bulls demonstrated resilience, leading to a robust intraday recovery that not only mitigated losses but also propelled the indices into positive territory. By the conclusion of the trading day, the Nifty50 index finished slightly above 25400, securing a gain of 0.30 percent."

The benchmark index closed in positive territory for the third consecutive session, providing relief for market participants. The 200-day simple moving average (DSMA) demonstrated strong significance by withstanding intraday fluctuations.

"As we move forward, our markets are likely to experience volatility leading up to Budget Day. This presents an opportunity to concentrate on thematic movers that can yield strong performance. By adopting effective risk management strategies and maintaining a proactive approach, traders can navigate this period successfully and avoid pitfalls associated with complacency in investment decisions," he added.