FIIs net sell Rs 972 crores, DIIs net buy Rs 1667 crore on February 16

At close, the Sensex was up 650.39 points or 0.79 percent at 83,277.15, and the Nifty was up 211.65 points or 0.83 percent at 25,682.75.

• FIIs net sold Rs 972 crore, DIIs net bought Rs 1,667 crore
• Sensex rose 650 points, Nifty gained 211 points on Feb 16
• Banking, power, and energy stocks led market gains

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Foreign investors (FIIs/FPIs) net sold Rs 972 crore worth of Indian equities on February 16. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 1,667 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 13,121 crore and sold shares worth Rs 11,454 crore. In contrast, FIIs bought shares worth Rs 9,169 crore but sold shares totalling Rs 10,142 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 42,988 crore, while DIIs have net bought shares worth Rs 80,658 crore.

Market view

At close, the Sensex was up 650.39 points or 0.79 percent at 83,277.15, and the Nifty was up 211.65 points or 0.83 percent at 25,682.75.

Biggest Nifty gainers included Power Grid Corporation, Coal India, HDFC Bank, Adani Enterprises and Max Healthcare, while losers were Tech Mahindra, Bajaj Finance, Maruti Suzuki, Eicher Motors and Tata Motors Passenger Vehicles.

On the sectoral front, Power, PSU Bank, Realty, Private Bank, Infra, capital goods, energy indices gained 1-2 percent, while media and auto shed 0.5-1%.

On today's market, Ajit Mishra – SVP, Research, Religare Broking noted that markets traded volatile but staged a modest recovery after a weak start, supported by selective buying.  "Market sentiment remained fragile as the recent selling pressure in the technology space continued to weigh on overall confidence. However, notable strength in banking and select heavyweight stocks from other sectors helped absorb the pressure and triggered a rebound in the index," he said.

Mishra added that they maintain a cautious stance on the index due to ongoing choppiness and mixed cues. "The scheduled weekly expiry could lead to another volatile session on Tuesday. Traders are advised to focus on sector-specific opportunities, particularly in banking, metals, auto, and energy, while keeping position sizes under control," he said.