Nifty 50 Reclaims 23,050 as ₹6,300 Cr FII Inflows Power Weekly Rebound

Benchmark Recovery Above 23,000

Indian equity benchmarks logged a strong weekly rebound of nearly 2%, with the Nifty 50 reclaiming and closing above the psychological 23,000 mark at 23,053, while the BSE Sensex advanced 308 points in the final session to settle at 74,459.

Institutional Liquidity Shifts

Foreign Institutional Investors (FIIs) turned net buyers across the week, deploying over ₹6,300 crore into domestic equities, while Domestic Institutional Investors (DIIs) added another ₹3,100 crore through sustained mutual fund SIP inflows.

Sector Leadership

• IT & Healthcare Lead: Nifty IT surged over 2% alongside strong buying in pharmaceutical and healthcare heavyweights.
• Cyclical Lag: Cement and select downstream oil & gas counters faced profit-taking amid elevated global crude prices.

Technical Outlook for Traders

Sustained closes above 23,000 convert the level into immediate floor support, with derivative call writers shifting resistance toward the 23,350–23,500 band.