FII net sell shares worth Rs 2,824 crore, DIIs net buyers of Rs 2,002 crore

Foreign institutional investors (FII/FPI) were net sellers on March 11, offloading shares worth Rs 2,823.8 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 2,001.8 crore, provisional data showed.

During the trading session of March 11, FIIs net bought shares worth Rs 8,214.3 crore and sold shares worth Rs 11,038.04 crore. DIIs purchased shares worth Rs 10,895.6 crore and sold shares worth Rs 8,893.8 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.65 lakh crore, while DIIs have net bought Rs 1.74 lakh crore worth of shares.

Benchmark indices reversed early losses on Tuesday, staging a late-session recovery as declining crude oil prices and selective buying in heavyweight stocks improved investor sentiment. Despite a weak opening, the Sensex and Nifty bounced back in the second half, closing near the day’s high.

The Sensex slipped 12.85 points to close at 74,102.32 after touching an intraday low of 73,663.60, while the Nifty gained 37.60 points to settle at 22,497.90.

Oil prices continued their fall for a second session amid concerns over US tariffs, with Brent crude at $68.99 per barrel and WTI at $65.67.

On the technical front, Rupak De, Senior Technical Analyst at LKP Securities, stated that the Nifty’s intraday recovery, coupled with a close above the 50-EMA on the hourly chart, signals strength. “In the near term, the index could test 22,660–22,700, with further upside potential toward 23,000 if it sustains above 22,700. Meanwhile, 22,400 remains a key support level.”