FIIs net sell shares worth Rs 1,881 crore; DIIs net buy shares for Rs 1,957 crore

FIIs net sell shares worth Rs 1,881 Crore; DIIs net buy shares Rs 1,957 Crore

Foreign institutional investors (FII/FPI) have returned to their selling spree as on February 19, selling shares worth Rs 1,881.30 crore, according to provisional data. DIIs stood net buyers of shares worth Rs 1,957 crore.

During the trading session of February 19, DIIs net bought shares worth Rs 11,192.98 crore and sold shares worth Rs 9,235.24 crore. FIIs purchased shares worth Rs 11,570.57 crore and sold shares worth Rs 13,451.87 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1,17,500 crore, while DIIs have net bought Rs 1,22,396 crore worth of shares.

Market Performance

On February 19, Nifty finished the day on a muted note, settling around the 22,930 zone, down 12.40 points reflecting market stabilization. While Sensex closed around 75,939 points, down by 28.21 points.

Reflecting on the market performance today, Osho Krishnan, Sr. Analyst, Technical & Derivatives of - Angel One, said, "The Indian equity markets experienced a challenging start, with the benchmark index opening on a lower note. However, the bulls demonstrated resilience by quickly overcoming the initial dip, leading to a strong recovery in the early trading hours. As the day progressed, the momentum began to ease and eventually pared down the gains."

The broader participation levitated the market sentiments with mid and small-cap indices showcasing outperformance. "Throughout the trading sessions, the benchmark index has maintained its position within a defined range, demonstrating a steady influx of buying activity at lower price levels for three consecutive days, a trend that suggests a positive outlook for the market. On the higher end, the 23000 mark remains a formidable obstacle, and a sustained move could only uplift market sentiments toward 23200-23250," Krishnan added.