On Friday, February 21, foreign institutional investors (FII/FPI) became a pure seller by selling shares worth Rs 3,450 crore, while domestic institutional investors (DIIs) became a pure buyer by purchasing shares worth about Rs 2,885 crore. This information has been obtained on the basis of provisional data. During the trading session on 21 February, DII bought shares worth Rs 12,889 crore and sold shares worth Rs 10,004 crore. FII bought shares worth Rs 10,144 crore and sold shares worth Rs 12,593 crore. This year, FII has sold Rs 1,24,262 crore so far. While DII has bought shares worth Rs 1,29,290 crore.
market performance
During the trading, Nifty and Sensex closed on red mark. Both closed down 0.65 percent yesterday. The Sensex reached 75,247.39 points. While the Nifty was seen at 22,763.20 points. The regional indices were trading only in the Nifty metal green mark, while the performance of the Nifty Auto was the worst.
VK Vijaykumar, VK Vijaykumar, a geographical financial services on market performance, said, “In terms of Trump’s tariff warning, the market is giving negative reactions to possible tariff goals such as auto and pharmaceuticals and looking for opportunities in domestic consumption. Tariff warning will not affect this. This is likely to be a short -term trend because Trump’s strategy is to threaten tariffs and then interact for tariff cuts on American exports. It will take time to be effective. “
Shopping opportunities are emerging in defense and consumption sector.
He further said that FII selling in India is likely to continue. In particular, he is taking new interest in Chinese stocks. Chinese stocks are cheap at the moment and are showing good recovery. He said, “The selling of FII will keep pressure on the large cap. This is a chance for long -term investors. There may be shopping in select midcap stocks like defense sector, as the defense sector has been corrected and now the shares of this sector are getting at good prices. Apart from this, there is no danger of selling FII in this sector. ”
