DIIs net buy shares worth Rs 2716 crore, FIIs net sell Rs 3362 crore

For the year so far, FIIs have net sold Rs crore, while DIIs have net bought Rs crore worth of shares.

On January 8, domestic institutional investors (DIIs) net bought shares worth Rs 2,716 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 3,362 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 14,251 crore shares and sold shares worth Rs 11,535 crore, and FIIs purchased Rs 9,944 crore shares while offloading equities worth Rs 13,306 crore.

For the year so far, FIIs have net sold Rs 11,927 crore shares, while DIIs have net bought Rs 12,614 crore worth of shares.

Also read: Taking Stock: Sensex, Nifty end flat after posting sharp recovery from day's lows

Market View

At close, the Sensex was at 78,144.82, lower by 54.29 points or 0.069 percent, while Nifty was at 23,675.50, down by 32.40 points or 0.14 percent.

Reliance Industries, ONGC, Spandana Sphoorty Financials were among the top gainers on the Nifty, while losers were Premium Energies, Ola Electric, One97 Communications at the top of the list.

Among sectors, the Oil and Gas index outperformed, gaining over 1.5 percent, whereas profit booking was observed in healthcare and pharma stocks.

On today's market, Devarsh Vakil, Head - Prime Research, HDFC Securities noted that markets had opened lower on weak global cues. "US markets finished lower on Tuesday, following a batch of strong economic data that raised questions about where interest rates are headed. Higher US Treasury yields, robust services sector data for December, and a surprise rise in job openings have dampened hopes of significant rate cuts from the Federal Reserve," he explained adding that Nifty has managed to protect the crucial support of 24460, which raises some hopes for the bulls for the sessions ahead.

"On the higher side, resistances for the Nifty are seen at 23800 and 24089. A break below 23496 would be considered a continuation of a downtrend," he added.