AI Analysis: Today's session witnessed a notable rotation into Banking and Financial Services. PSU Banks led the charge with a robust 1.82% gain, followed closely by Metal at 1.46%. Private Banks and Mid/Small Financial Services also showed significant strength. This indicates a preference for rate-sensitive and cyclical sectors. Conversely, the IT sector, including 'MIDSMALL IT & TELECOM', continued its underperformance, being the primary laggard. Traders should consider capitalizing on the momentum in financials while remaining cautious on technology, especially in the face of global tech sector headwinds.
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AI Analysis: The institutional landscape painted a picture of net selling today. Foreign Institutional Investors (FII/FPIs) offloaded equities worth INR 880.49 crore, while Domestic Institutional Investors (DIIs) also turned net sellers, with an outflow of INR 596.28 crore. The combined net selling of approximately INR 1476.77 crore suggests a clear stance of distribution or profit-booking from smart money. This lack of institutional buying support, despite the market's positive close, warrants close attention and reinforces a cautious outlook.