FIIs Net Sell, DIIs Net Buy Indian Equities; Nifty Recovers Ahead of Budget

• Foreign Institutional Investors (FIIs/FPIs) were net sellers of Indian equities worth Rs 394 crore on January 29.
• Domestic Institutional Investors (DIIs) net bought shares worth Rs 2,634 crore on the same day.
• For the year so far, FIIs have been net sellers of Rs 43,682 crore, while DIIs have net bought Rs 69,816 crore.
• Nifty50 index recovered from a significant intraday correction, closing 0.30 percent higher above 25400.
• Market is expected to remain volatile leading up to Budget Day, with opportunities in thematic movers.

Why It Matters: FIIs sold, DIIs bought Indian equities on Jan 29; Nifty recovered, but Budget Day volatility expected.