FIIs net sell shares worth Rs 3,311 crore; DIIs net buy shares Rs 3,907 crore

FIIs net sell shares worth Rs 3,311 Crore; DIIs net buy shares Rs 3,907 Crore

On February 20, Foreign institutional investors (FII/FPI) were net sellers of shares worth Rs 3,311 crore, while Domestic institutional investors (DII) were net buyers of shares worth Rs 3,907 crore, according to provisional data.

During the trading session of February 20, DIIs net bought shares worth Rs 13,180 crore and sold shares worth Rs 9,272 crore. FIIs purchased shares worth Rs 11,131 crore and sold shares worth Rs 14,443 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1,20,812 crore, while DIIs have net bought Rs 1,26,305 crore worth of shares.

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Market Performance

Nifty traded in a tight range for the fourth session in a row amid high volatility. It closed the session on a flat note at 22,913.15 down by 0.09%. On the other hand, the Sensex reached 0.24 percent lower, at about 75,357 points at closing after trading quite flat during the day.

Bajaj Broking's analysis of today's market performance was as follows: "While large cap private banks and defensive sectors like IT, FMCG and PHARMA took a breather, utilities and energy stocks ended on a positive note. Broader market extended out performance with Nifty Midcap 100 and Nifty Small Cap 100 indices closing higher by 1.26% and 1.43% respectively."

It further mentions that as the Nifty has been trading within a broad range of 22,700–23,050, this consolidation phase should view dips toward 22,800–22,700 as buying opportunities. A breakout above 23,050 would pave the way for further upside, towards the 20-day EMA placed around 23,200 levels.