FIIs net sell shares worth Rs 3,450 crore; DIIs net buy Rs 2,885-crore shares

FIIs net sell shares worth Rs 3,450 Crore; DIIs net buy shares Rs 2,885 Crore

On February 21, foreign institutional investors (FII/FPI) were net sellers of shares worth Rs 3,450 crore, while domestic institutional investors (DII) were net buyers of shares worth approximately Rs 2,885 crore, according to provisional data.

During the trading session of February 21, DIIs net bought shares worth Rs 12,889 crore and sold shares worth Rs 10,004 crore. FIIs purchased shares worth Rs 10,144 crore and sold shares worth Rs 13,593 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1,24,262 crore, while DIIs have net bought Rs 1,29,290 crore worth of shares.

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Market Performance

Nifty and Sensex settled the trading session in the red, with both ending 0.65 percent lower today. While Sensex reached 75,247.39 points, Nifty was at 22,763.20 points. Among sectoral indices, only Nifty Metal traded in the green while Nifty Auto performed the worst.

Reflecting on the market performance, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, says, "In the context of Trump’s tariff threats the market is negatively responding to potential tariff targets like autos and pharmaceuticals and looking for opportunities in domestic consumption plays which will not be impacted by tariff threats. This is likely to be a short-term trend since Trump’s strategy is to threaten with tariffs and then negotiate for tariff reduction on US exports. It will take time for this to play out."

He further said that FII selling in India is likely to continue, particularly in the context of renewed interest in Chinese stocks which are cheap and are staging a smart recovery. "FII selling will continue to put pressure on largecaps. This is an opportunity for long-term investors. Select midcaps like in the defence sector which have corrected and are fairly valued now are likely to witness buying since they don’t face the threat of FII selling," he said.