FIIs net sell shares worth Rs 1832 crore, DIIs net buy Rs 2446 crore on February 2

At close, the Sensex was up 943.52 points or 1.17 percent at 81,666.46, and the Nifty was up 262.95 points or 1.06 percent at 25,088.40.

• FIIs net sold shares worth Rs 1832 crore, DIIs net bought Rs 2446 crore on Feb 2
• Sensex rose 943 points, Nifty up 263 points; FMCG, metal, energy sectors gained
• Market sentiment improved after Budget losses, but volatility remains elevated

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Foreign investors (FIIs/FPIs) continued to be net sellers on February 2, a day after selling equities worth Rs 588 crore during the special trading session on Sunday. On February 2, FIIs net sold shares worth Rs 1832 crores.

At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 2446 crore, according to provisional exchange data.

During the session, DIIs purchased shares worth Rs 18,626 crore and sold shares worth Rs 16,180 crore. In contrast, FIIs bought shares worth Rs 15,173 crore but sold shares totalling Rs 17,005 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 43,063 crore, while DIIs have net bought shares worth Rs 70,978 crore.

Market view

At close, the Sensex was up 943.52 points or 1.17 percent at 81,666.46, and the Nifty was up 262.95 points or 1.06 percent at 25,088.40.

Tata Motors Passenger Vehicles, Tata Consumer, Adani Ports, Power Grid, Bharat Electronics were among major gainers on the Nifty, while losers included Shriram Finance, Max Healthcare, Cipla, Axis Bank, Infosys.

On the sectoral front, FMCG, metal, oil & gas, energy, infra, realty jumped 1-2%, while IT index shed 0.5%.

According to Ajit Mishra – SVP, Research, Religare Broking that markets remained volatile but managed to recover a part of the steep Budget-day losses, ending nearly a percent higher. "Market sentiment improved as investors digested the implications of the Budget and turned to value buying in frontline stocks after the sharp correction. However, mixed global cues and lingering policy-related uncertainties capped the upside, keeping the recovery measured rather than aggressive," he said.

From a technical standpoint, he noted that the index’s ability to hold above the recent Budget-session lows and stage a rebound indicates a breather. "On the upside, the long-term moving average, the 200 DEMA around 25,150, remains a key resistance. A sustained move above this level could help improve sentiment and pave the way for a gradual recovery. Given the mixed signals and elevated volatility, participants are advised to maintain a selective, stock-specific approach and focus on disciplined, risk-managed trades," he said.