FIIs net sell shares worth Rs 2,134 crore, DIIs net buy Rs 2,617 crore on July 24

For the year so far, FIIs have been net sellers of shares worth Rs 1.44 lakh crore, while DIIs have net bought Rs 3.85 lakh crore worth of shares.

Foreign institutional investors (FII/FPI) were net sellers on July 24, selling shares worth Rs 2,134 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 2,617 crore, provisional data showed.

During the trading session, DIIs net bought shares worth Rs 13,507 crore and sold shares worth Rs 10,890 crore. FIIs purchased shares worth Rs 13,725 crore and sold shares worth Rs 15,859 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 1.44 lakh crore, while DIIs have net bought Rs 3.85 lakh crore worth of shares.

Market view

At close, the Sensex was down 542.47 points or 0.66 percent at 82,184.17, and the Nifty was down 157.80 points or 0.63 percent at 25,062.10. BSE Midcap and smallcap indices down 0.4 percent each. Eternal, Dr Reddy's Labs, Tata Motors, Grasim Industries, Cipla were among major gainers on the Nifty, while losers included Trent, Nestle India, Shriram Finance, Tech Mahindra, Reliance Industries.

On the sectoral front, except PSU Bank (up 1.2 percnet) and pharma (up 0.5 percent), all the other indices ended in the red.

Vinod Nair, Head of Research, Geojit Investments Limited noted that Indian equities fell sharply, reversing previous gains despite positive global cues. "Initial optimism around the India-UK free trade agreement gave way to caution as attention shifted firmly to earnings. The IT and FMCG sectors dragged down large-cap stocks due to subdued Q1 performance. Though the Q1 earnings are broadly in line, it does not justify the premium valuation; India is trading at a 3-year high of 21x P/E," he said.