FII net sell shares worth Rs 4,488 crore, DIIs net buyers of Rs 6,000 crore

The broader market, represented by the mid and small cap indices also mirrored positive trends with gains of 0.7 percent and 0.4 percent, respectively.

Foreign institutional investors (FII/FPI) were net sellers on March 17, offloading shares worth Rs 4,488 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 6,000 crore, provisional data showed.

During the trading session of March 17, FIIs net bought shares worth Rs 11,263 crore and sold shares worth Rs 15,751 crore. DIIs purchased shares worth Rs 12,726 crore and sold shares worth Rs 6,725 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.68 lakh crore, while DIIs have net bought Rs 1.83 lakh crore worth of shares.

Market performance

Nifty and Sensex held on to solid gains on March 17, setting the stage for a strong start to the week. A surge in pharma, auto, and banking stocks lifted sentiment, though mild weakness in IT and FMCG kept the rally from soaring.

The broader market, represented by the mid and small cap indices also mirrored positive trends with gains of 0.7 percent and 0.4 percent, respectively. Despite today's performance, the two are down 15 and 20 percent respectively year-to-date. A host of analysts still believe that more pain is left in the space.

"The national market experienced a positive trading session, driven by strong performance in the healthcare and financial sectors. However, lower participation from domestic investors due to tariff-related uncertainties may cause the market to fluctuate within a range in the near term," Vinod Nair, Head of Research at Geojit Financial Services said.

"A decisive momentum will depend on signs of earnings growth while improving domestic economic indicators suggest a potential recovery. Investors are closely monitoring the upcoming FED and BOJ meetings, with expectations leaning towards maintaining the current stance due to inflation risks associated with tariff uncertainties," he added.

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