FII net sell shares worth Rs 2,035 crore, DIIs net buyers of Rs 2,320 crore

Meanwhile, losses in Zomato, IndusInd Bank, NTPC, Infosys, HCL Technologies, Titan, Power Grid, Hindustan Unilever, Tech Mahindra, and ITC dragged the indices lower.

Foreign institutional investors (FII/FPI) were net sellers on March 07, offloading shares worth Rs 2,035 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 2,320 crore, provisional data showed.

During the trading session of March 07, FIIs net bought shares worth Rs 8,635 crore and sold shares worth Rs 10,670 crore. DIIs purchased shares worth Rs 10,452 crore and sold shares worth Rs 8,132 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.61 lakh crore, while DIIs have net bought Rs 1.72 lakh crore worth of shares.

Market performance

Sensex closed slightly lower on Friday after a volatile session, as global trade tensions kept investors on edge. Despite the turbulence, Nifty managed to hold above the 22,500 mark.

The NSE Nifty inched up 7.80 points, or 0.03 percent, to settle at 22,552.50. The index touched an intraday high of 22,633.80, gaining 89 points before retreating amid selling pressure in IT and realty stocks.

Reliance Industries, Nestle India, Tata Motors, Adani Ports, Tata Steel, UltraTech Cement, and Kotak Mahindra Bank ended in positive territory. Meanwhile, losses in Zomato, IndusInd Bank, NTPC, Infosys, HCL Technologies, Titan, Power Grid, Hindustan Unilever, Tech Mahindra, and ITC dragged the indices lower.

"Sectoral movement kept traders engaged, with metals finishing in the green, while realty and IT were among the laggards. A similar trend played out in the broader market, as small-caps edged higher while mid-caps closed in the red," Ajit Mishra, Senior Vice President at Religare Broking said.

"Nifty is now approaching its immediate resistance at 22,700 and will require fresh catalysts to break past this level. A potential trigger could be renewed buying interest in banking heavyweights, which have largely stayed on the sidelines during the recent rebound. However, global uncertainties may weigh on sentiment and disrupt this recovery attempt. Given the mixed signals, we recommend maintaining a positive yet cautious stance, with a focus on prudent position sizing," he added.

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