FII & DIIs activity - 04 March, 2026.

FIIs stayed heavy sellers again, with a ₹8,752 Cr net outflow in the cash market. DIIs countered with ₹12,068 Cr of buying, continuing to absorb supply during the decline. Derivatives positioning remains cautious. PCR at 0.78 signals traders are still leaning defensive after the recent volatility spike. On the options board, 25000 holds the largest call OI, keeping it as the immediate overhead cap, with additional supply near 24500. On the downside, put writers are active around 24400–24000, while a deeper support base sits near 23100, where the largest put OI is concentrated. With global sentiment fragile amid Middle East tensions, positioning suggests the market is bracing for continued volatility rather than a quick directional move.