FIIs net buy Rs 1951 crore in equities, DIIs net sell Rs 1265 crore on February 6

At close, the Sensex was up 266.47 points or 0.32 percent at 83,580.40, and the Nifty was up 50.90 points or 0.20 percent at 25,693.70.

• FIIs net bought Rs 1951 crore, DIIs net sold Rs 1265 crore on February 6
• Sensex rose 266 points, Nifty up 51 points; IT sector saw notable sell-off
• Experts advise caution, favor banking and energy stocks over IT sector

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Foreign investors (FIIs/FPIs) net bought Rs 1951 crore worth of Indian equities on February 6. At the same time, domestic institutional investors (DIIs) net sold shares worth Rs 1265 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 13,216 crore and sold shares worth Rs 14,481 crore. In contrast, FIIs bought shares worth Rs 16,719 crore but sold shares totalling Rs 14,768 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 37,997 crore, while DIIs have net bought shares worth Rs 72,107 crore.

Market view

At close, the Sensex was up 266.47 points or 0.32 percent at 83,580.40, and the Nifty was up 50.90 points or 0.20 percent at 25,693.70.

On the sectoral front, IT index shed 1.5%, pharma index down 0.7%, auto and PSU Bank indices slipped 0.5% each, while FMCG index rose 2.2%, and ol & gas, consumer durables, Private Banks, realty up 0.5% each.

ITC, Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel, HUL were among major gainers on the Nifty, while losers included Tech Mahindra, TCS, HDFC Life, Asian Paints and Bajaj Auto.

On today's market, Ajit Mishra – SVP, Research, Religare Broking noted that the sentiment stayed subdued as investors reacted to mixed global cues and persistent geopolitical uncertainties. "The MPC’s decision to keep the policy rate unchanged while highlighting elevated global risks weighed on overall risk appetite, and weakness in the Indian rupee added to the cautious undertone. A notable sell-off in the IT sector, driven by concerns over the disruptive impact of new AI technologies and related valuation worries, further contributed to the negative bias," he said.

Mishra added that theyexpect the current consolidation to continue with a positive bias as long as the Nifty holds above the 25,400 level. "However, trading remains challenging due to sharp intraday swings amid mixed global signals. In the current environment, we reiterate a stock-specific approach based on relative strength, with preference for banking and energy stocks on dips while being selective in other sectors. It is advisable to avoid the IT pack for now and wait for signs of stability before initiating fresh positions," he said.