The FII complemented domestic institutional investors (DIIS) who purchased shares worth Rs 2,534.75 today.
The institutional purchases by FII and DIIS were reflected in the market mood as the frontline index was on the whim and BSE Sensex was closed with great profits. BSE Sensex closed 1,131 points or 1.5% at 75,301, while NSE Nifty rose 325.55 points or 1.45% to close the day at 22,834.
In March so far, FII has been a net seller of Rs 34,580, bringing sales in 2025 from Rs 1,47,181 to Rs 1,47,181.
In January, FPI sold stake worth Rs 78,027, following a sale worth Rs 34,574 in February.
Nifty broke out from the busy zone and closed out the 22,800 zone. Angel One equity technical analyst Rajesh Bosar commented on the action that day. Resistance over the past three weeks has confirmed the formation of the structural bottom in the near future.
“This level appears within reach, but this technical parameter previously served as a strong hurdle, and breakouts beyond that could drive extended movement towards over 23,400 DSMAs. On the downside, previous resistance zones of 22,650-22,700 now serve as immediate support,” the analyst said.
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