Nifty Surges to New High as FIIs Pump Shares; DII Buying Stalls at ₹998 Crore

Nifty Surges to New High as FIIs Pump Shares; DII Buying Stalls at ₹998 Crore​

The stock markets witnessed a significant rally on the first day of the August series, driven by strong institutional flows and sectoral resilience. Nifty rallied emphatically, recovering hundreds of points from its recent swing low and closing at 24,250, marking its highest close in eight trading sessions.

Foreign Institutional Investors (FIIs) significantly boosted market sentiment, contributing to the rally. FIIs net bought shares worth ₹17,358 crore during the session. Conversely, Domestic Institutional Investors (DIIs) recorded a net purchase of shares worth ₹998 crore.

FII and DII Flows Detail Market Participation​

Detailed provisional data from the exchanges revealed contrasting activities among institutional players. For the day, DIIs purchased stocks valued at ₹18,176 crore but simultaneously sold shares amounting to ₹17,178 crore. Meanwhile, FIIs bought shares totaling ₹17,358 crore while selling shares worth ₹14,376 crore.

Looking at the year-to-date performance, FIIs have remained net sellers of nearly ₹3.46 lakh crore in total. In contrast, DIIs have accumulated a position as net buyers of shares totaling ₹4.41 lakh crore so far this financial year.

Nifty Market Performance and Recovery Trajectory​

Nifty staged a powerful comeback, surging 264 points to finish at 24,250. The index opened the session 191 points higher and extended these gains throughout the day's trading session. This rally marks a substantial recovery of 677 points from the swing low recorded on July 24th at 23,606.

The market breadth turned decisively positive, signalling renewed interest across smaller capitalization segments. The BSE advance decline ratio climbed sharply to 1.56 following the day's session. Nifty Midcap 100 and Nifty Smallcap 100 also posted strong gains of 0.82% and 1.48%, respectively.

Sectoral Movers and Key Constituents​

The sectoral performance remained broadly positive, with enthusiasm evident across most indices. IT, Metal, and FMCG sectors registered the strongest market gains. However, Auto and Realty were two sectors that did not participate in the rally.

Among individual stocks, Jio Financial Services, Hindustan Unilever, and Infosys were highlighted as key advancers. On the other side, Adani Ports, Mahindra & Mahindra, and Power Grid were noted as primary laggards during the session.

Market Outlook and Technical Support Levels​

Nandish Shah, Deputy Vice President at HDFC Securities, provided a detailed view on the immediate market trajectory. He pointed out that the previous swing high near 24,368 remains critical for resistance to monitor moving forward. A sustained move above this specific zone could potentially pave the way for greater upside momentum.

On the downside, Shah noted that immediate support has been elevated and now lies within the band of 24,000 to 24,050. As long as Nifty maintains a position above this defined resistance area, the short term bias is likely to remain positive, according to the analyst.