
FIIs turn net buyers after 1 month, purchase domestic stocks worth Rs 695 crore
The FIIs complemented the domestic institutional investors (DIIs) who purchased shares worth Rs 2,534.75 crore today.
The institutional buying by FIIs and DIIs reflected in the market mood as the Frontline indices Nifty and the BSE Sensex closed with big gains. The BSE Sensex jumped 1,131 points or 1.5% to close at 75,301, while the NSE Nifty climbed 325.55 points or 1.45% to end the day at 22,834.
In March so far, FIIs have been net sellers at Rs 34,580 crore taking the total sell-off for 2025 to Rs 1,47,181 crore.
In January, FPIs sold shares worth Rs 78,027 crore and followed it up with a sell-off amounting to Rs 34,574 crore in February.
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Nifty broke out of the congestion zone, reclaiming the 22,800 zone on a closing basis, Rajesh Bhosale, Equity Technical Analyst at Angel One said, commenting on the day's action.
«It was a rewarding session for traders as the market witnessed broad-based buying. Notably, Nifty has convincingly closed above the 20 DEMA after a prolonged period, while surpassing the 22,650–22,700 zone, which had acted as resistance over the past three weeks. This breakout confirms the formation of a structural bottom for the near term,» Bhosale said.
He anticipates Nifty to retest the psychological 23,000 mark, which aligns with the 50 DEMA and the dynamic trendline resistance formed by connecting major tops from all-time highs.
«While this level appears within reach, this technical parameter has previously acted as a strong hurdle, and a breakout beyond it could drive an