FIIs net sell shares worth Rs 1,264 crore, DIIs net buy Rs 3,041crore

At close, the Sensex was down 573.38 points or 0.70 percent at 81,118.60, and the Nifty was down 169.60 points or 0.68 percent at 24,718.60.

On June 13, FIIs were net sellers at Rs 1.264 crore, while domestic institutional investors (DIIs) were net buyers at Rs 3,041 crore.

During the trading session, DIIs bought Rs 13,488 crore and sold shares worth Rs 10,446 crore, while FIIs purchased shares worth Rs 14,163 crore while offloading equities worth Rs 15,426 crore, according to provisional data from NSE.

For the year so far, FIIs have net sold Rs 1.26 lakh crore, while DIIs have net bought Rs 3.19 lakh crore worth of shares.

Market View

Benchmark indices were down amidst rising geopolitical tensions in the Middle East. At close, the Sensex was down 573.38 points or 0.70 percent at 81,118.60, and the Nifty was down 169.60 points or 0.68 percent at 24,718.60. The broader indices outperformed with BSE mid and smallcap indices down 0.3 percent each. For the week, BSE Sensex fell 1.3 percent and Nifty shed 1 percent.

The biggest Nifty losers were Adani Ports, ITC, SBI, IndusInd Bank, Hindalco Industries, while gainers included Bharat Electronics, ONGC, Tech Mahindra, TCS, Wipro.

Except media, all other sectoral indices ended in the red with FMCG, PSU Bank, oil & gas, power, telecom down 0.5-1 percent.

On today's market, Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services noted that Indian equities fell sharply, reacting to weak global cues and surge in crude oil prices after Israel launched military strikes on Iran earlier today. He added, "We expect market focus to remain on oil exploration companies on the back of rise in crude prices amidst the backdrop of escalation in Israel-Iran military action. Further, any such escalation would have a positive rub off effect on domestic defence companies on expectation of increased export orders amidst higher defence spending. Overall, we expect the market to remain subdued on the back of weak global cues, while industry-specific news flows would continue to drive sectoral movements."