FIIs net sell Rs 7,171-crore shares, DIIs net buy shares worth Rs 7,640 crore

At close, the Sensex was down 528.28 points or 0.68 percent at 77,620.21, and the Nifty was down 162.45 points or 0.69 percent at 23,526.50.

On January 9, Domestic institutional investors (DIIs) bought shares worth Rs 7,640 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 7,171 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 16,728 crore and sold shares worth Rs 9,088 crore, and FIIs purchased Rs 8,537 crore in shares while offloading equities worth Rs 15,702 crore.

For the year so far, FIIs have net sold Rs 19,098 crore, while DIIs have net bought Rs 20,254 crore worth of shares.

Also read: Taking Stock: Nifty slips below 23,550, Sensex sheds 528 pts; FMCG bucks sector-wide decline

Market View

At close, the Sensex was down 528.28 points or 0.68 percent at 77,620.21, and the Nifty was down 162.45 points or 0.69 percent at 23,526.50.

Shriram Finance, ONGC, Tata Steel, Coal India, BPCL were among the top losers on the Nifty, while gainers included HUL, Britannia Industries, Nestle India, M&M, Bajaj Auto.

Among sectors, except FMCG all other indices ended in the red.

On today's market, Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher noted that Sensex and Nifty, faced a sharp sell-off on Thursday. "The Nifty's support level at 23,500 is now under close scrutiny, with investors wary of further downside. Globally, a strong US dollar, rising crude oil prices, and fears surrounding Federal Reserve policy weighed on sentiment," he explained.

Additionally, Kasat noted that as investors prepare for the December quarter earnings season and monitor Union Budget expectations, markets remain cautious amidst challenging conditions.