FIIs net sell shares worth Rs 2,255 crore, DIIs net buy Rs 3,962-crore shares

At close, the Sensex was down 241.30 points or 0.31 percent at 77,378.91, and the Nifty was down 95 points or 0.40 percent at 23,431.50.

On January 10, domestic institutional investors (DIIs) bought shares worth Rs 3,962 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 2,255 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 14,294-crore equities and sold shares worth Rs 10,332 crore, and FIIs purchased Rs 10,097-crore shares while offloading equities worth Rs 12,352 crore.

For the year so far, FIIs have net sold Rs 21,353-crore shares, while DIIs have net bought Rs 24,216 crore worth shares.

Also read: Taking Stock: Nifty below 23,450, Sensex down 241 pts; IT stocks rally post-TCS Q3 results

Market View

At close, the Sensex was down 241.30 points or 0.31 percent at 77,378.91, and the Nifty was down 95 points or 0.40 percent at 23,431.50.

TCS, Tech Mahindra, Wipro, Infosys, HCL Technologies were among major gainers on the Nifty, while losers were Shriram Finance, IndusInd Bank, Adani Enterprises, NTPC and Bharat Electronics.

Except IT, all other sectoral indices ended in the red.

On the markets, Vinod Nair, Head of Research, Geojit Financial Services noted that the downward revision in Indian GDP growth estimates to 6.4 percent for FY25 has cast a shadow over the economy's momentum. "Furthermore, Q3 corporate earnings projections remain modest, which is not helping investor sentiments. This, combined with persistent selling by FIIs due to high valuations, especially in broader markets and global headwinds, has weighed heavily on the markets. The strengthening of the dollar, along with rising US bond yields, has also impacted investor confidence. However, a glimmer of hope emerged as the initial set of results from the IT sector showed promise," he said.

Nair added that looking ahead, corporate earnings will be in the spotlight, with major companies, including IT giants, releasing their Q3 results.