Benchmarks Sensex and Nifty saw a partial recovery on April 13, as 'value buying' emerged to provide support during the day's volatile session. While the indices managed to rebound from their earlier lows, they remained under pressure, reflecting a mixed trading environment.
At 10:53 hrs IST, the Sensex stood at 76,538.17, marking a decline of 1,012.08 points or 1.31 percent. Similarly, the Nifty was down 301.10 points or 1.25 percent, settling at 23,749.50. The trading day saw 1,455 shares advancing, while 2,270 shares declined, indicating a bearish bias across the broader market.
Value Buying Emerges Amid Bearish Sentiment
The partial market rebound was largely attributed to strong 'value buying' activity. This support was observed in the market during the massive 2% gap-down opening, suggesting that certain investors viewed the dip as an opportune entry point.The emergence of value buying provides a crucial counter-narrative to the selling pressure experienced early in the session. This trend indicates that the market is finding buyers at lower levels, preventing a deeper structural correction at that specific time.
Institutional and Retail Flows Provide Support
Support for the indices remains strong from the institutional and retail investor segments. Foreign Institutional Investors (FIIs) maintained their role as net buyers, accumulating approximately Rs 672 crore on April 10.Domestic Institutional Investors (DIIs) continued their supportive stance, posting inflows of around Rs 410 crore. These sustained buying activities from major segments are critical indicators of confidence in the market's underlying structure.
Furthermore, the flow of retail money provides an encouraging backdrop. Equity mutual flows reached Rs 40,450 crore, complemented by monthly Systematic Investment Plan (SIP) inflows totaling Rs 32,087 crore in March.
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