FIIs net sell Rs 588 crore, DIIs net sell Rs 683 crore on February 1

At close, the Sensex was down 1,546.84 points or 1.88 percent at 80,722.94, and the Nifty was down 495.20 points or 1.96 percent at 24,825.45.

• FIIs net sold Rs 588 crore, DIIs net sold Rs 688 crore in special Sunday session
• Sensex fell 1.88%, Nifty dropped 1.96%; broader indices lagged.
• All sectors except IT fell; metal and PSU Bank indices dropped sharply.

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Foreign investors (FIIs/FPIs) net sold Rs 588 crore worth of Indian equities during the special trading session on Sunday, February 1.

At the same time, domestic institutional investors (DIIs) net sold shares worth Rs 683 crore, according to provisional exchange data. Equity markets were open for trading due to the Union Budget 2026.

DIIs purchased shares worth Rs 14,391 crore and sold shares worth Rs 15,074 crore. In contrast, FIIs bought shares worth Rs 598 crore but sold shares totalling Rs 1,187 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 41,231 crore, while DIIs have net bought shares worth Rs 68,532 crore.

Market view

At close, the Sensex was down 1,546.84 points or 1.88 percent at 80,722.94, and the Nifty was down 495.20 points or 1.96 percent at 24,825.45.

Broader indices underperformed the benchmark indices, with the Nifty Midcap index falling 2.2 percent and the Nifty Smallcap index declining 2.8 percent.

Among sectors, except IT, all other indices ended in the red with metal index shed 3.8%, PSU Bank declined 4%, oil & gas slipped 2.7%, Capital Goods fell 3%

On today's market, Shrikant Chouhan, Head Equity Research, Kotak Securities noted, "This view is that the short-term market texture is volatile, and volatility is likely to continue in the near future. Hence, level-based trading would be the ideal strategy for day traders. On the higher side, 25,000/81300 would act as a crucial resistance zone. As long as the market is trading below this level, weak sentiment is likely to prevail," he said.

On the downside, the correction wave is likely to continue till 24650-24600/80100-79900. Further down side may also continue which could drag the index till 24500-24300/79600-79000. On the flip side, above 25,000/81300, the market could move up to 25,200/81900 or 200day SMA .