On February 23, the net purchase of Indian stocks by foreign investors (FIIs/FPIs) was Rs 3483 crore, the highest since February 3. Meanwhile, provisional exchange data shows that domestic institutional investors (DIIs) net sold shares valued at Rs 1292 crore.
DIIs bought shares worth Rs 12361 crore and sold shares worth Rs 13653 crore during the trading session. On the other hand, FIIs sold shares totaling Rs 11810 crore after purchasing shares worth Rs 15294 crore.
FIIs have sold shares worth Rs 39172 crore so far this year, while DIIs have purchased shares worth Rs 82034 crore.
Performance of the Market
The Nifty 50 increased 141 points to close at 25,713, continuing its winning run for a second straight session. “The index opened strongly higher after the US Supreme Court’s 6-3 verdict struck down President Trump’s wide emergency tariffs,” stated Nandish Shah, Deputy Vice President, HDFC Securities.
Nifty, however, dropped around 160 points from its morning high of 25,771 to 25,609 before rising more than 110 points at 2:15 PM. Market participation increased, and NSE cash volumes increased by 9% from the day before.
The top Nifty gainers were Adani Ports, Kotak Mahindra Bank, and HDFC Life; the top losers were Hindalco, Wipro, and Infosys, which were under selling pressure.
Sectoral performance was uneven, with IT, Chemicals, and Consumer Durables finishing as laggards while PSU Banks, Auto, and FMCG reported the biggest gains.
Nifty Midcap 100 dipped 0.43%, while Nifty Smallcap 100 edged up 0.29%. With the BSE advance-decline ratio at 0.81 and profit-booking in midcaps and smallcaps, market breadth remained poor for the third day.
Due to falling crude prices and a weaker dollar after the US court’s tariff decision, the rupee gained 10 paise to 90.88. “The Nifty was unable to overcome the resistance level of 25,885 despite today’s comeback. While 25,570 is still a crucial immediate support level, a clear move over it might push the Nifty toward 26,000,” Shah continued.
