FII net sell shares worth Rs 2,895 crore, DIIs net buyers of Rs 3,370 crore

Gains were led by IT, metal, and auto stocks, which offset declines in select heavyweight counters.

Foreign institutional investors (FII/FPI) were net sellers on March 05, offloading shares worth Rs 2,895 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 3,370 crore, provisional data showed.

During the trading session of March 05, DIIs net bought shares worth Rs 15,068 crore and sold shares worth Rs 11,698 crore. FIIs purchased shares worth Rs 12,045 crore and sold shares worth Rs 14,940 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.57 lakh crore, while DIIs have net bought Rs 1.68 lakh crore worth of shares.

Breaking a prolonged losing streak, benchmark indices Nifty 50 and Sensex rebounded sharply on March 5, rising around 1 percent and recovering from oversold levels. The rally positions the Nifty 50 to potentially end its historic 10-day losing run.

Gains were led by IT, metal, and auto stocks, which offset declines in select heavyweight counters. However, analysts remain cautious about the durability of this recovery, as global market uncertainty and trade war concerns continue to cast a shadow.

"Markets saw a much-needed rebound, gaining over a percent amid mixed cues. The session started on a positive note, driven by strength in select heavyweights, which gradually lifted sentiment across broader markets," Ajit Mishra, Senior Vice President at Religare Broking said.

"While the rebound is encouraging, traders should avoid reading too much into a single-day bounce and wait for further confirmation. On the benchmark front, Nifty may face resistance around the 22,500-22,700 zone if the recovery continues. Amid this setup, we maintain a stock-specific approach, favouring banking, financials, and metals for long trades while remaining selective in other sectors," he added.