FIIs net sell Rs 9,897 crore in shares, DIIs net buy Rs 8,905 crore

In the year so far, FIIs have net sold shares worth Rs 1.7 lakh crore, while DIIs have bought Rs 4.5 lakh crore shares.

Domestic Institutional Investors (DII) net bought shares worth Rs 8,905 crore, provisional data from NSE showed on October 4. On the other hand, foreign institutional investors (FIIs) continued to be net sellers and sold shares worth Rs 9,897 crore.

DIIs bought Rs 20,287 crore worth of shares and sold shares worth Rs 11,381 crore during the trading session. Meanwhile, FIIs purchased Rs 14,525 crore in shares and offloaded equities worth Rs 24,422 crore.

In the year so far, FIIs have net sold shares worth Rs 1.7 lakh crore, while DIIs have bought Rs 4.5 lakh crore shares.

Also read: Taking Stock: Sensex, Nifty record biggest weekly fall since June 2022

Market View

At close, the Sensex was down 808.65 points or 0.98 percent at 81,688.45, and the Nifty was down 200.30 points or 0.79 percent at 25,049.80.

M&M, Bajaj Finance, Nestle India, BPCL, Asian Paints were among the top losers on the NSE, while gainers included Infosys, ONGC, Tata Motors, Wipro, HDFC Life.

Among sectors, except PSU Bank and IT, all other sectoral indices ended in the red.

Vinod Nair, Head of Research, Geojit Financial Services notes that the bearish sentiment continued as investors are monitoring the escalating conflict in the Middle East and have adopted a sell-on recovery strategy. "Crude prices have moved up sharply but may be restricted due to an increase in production from OPEC+. The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China," he said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.