FIIs net sell shares worth Rs 3,024 crore, DIIs net buy Rs 1,854-crore shares

In the year so far, FIIs have net sold shares worth Rs 2.79 lakh crore, while DIIs have bought Rs 5.43 lakh crore shares.

On November 12, Domestic Institutional Investors (DII) net bought shares worth Rs 1,854 crore. On the other hand, Foreign Institutional Investors (FIIs) net sold shares worth Rs 3,024 crore, provisional data from NSE showed.

DIIs bought Rs 10,330-crore shares and sold shares worth Rs 8,476 crore. Meanwhile, FIIs purchased Rs 12,543 crore in shares and offloaded equities worth Rs 15,567 crore during the trading session.

In the year so far, FIIs have net sold shares worth Rs 2.79 lakh crore, while DIIs have bought Rs 5.43 lakh crore shares.

Also read: Taking Stock: Sensex sheds 821 pts, Nifty closes below 23,900; auto, power, PSU bank stocks worst hit

Market view

At close, the Sensex was down 820.97 points or 1.03 percent at 78,675.18, and the Nifty was down 257.80 points or 1.07 percent at 23,883.50.

Biggest losers on the Nifty were Britannia Industries, HDFC Bank, NTPC, Asian Paints and Bharat Electronics, while gainers included Trent, HCL Technologies, Sun Pharma, Infosys and Reliance Industries.

On today's market, Ajit Mishra – SVP, Research, Religare Broking Ltd noted that the markets remained under pressure, shedding over a percent, extending the ongoing correction phase. "Despite an initial uptick, Nifty witnessed sharp swings in the first half before selling pressure in heavyweight stocks shifted the momentum downward," he said.

Mishra added that Nifty has now edged closer to its previous swing low of  around 23,800, with banking heavyweights leading the decline and dampening hopes of a recovery once again. "Current signals suggest a potential test of the long-term moving average at the 200 DEMA level, around 23,540. Participants should adjust their positions accordingly and prioritise selective stock picking," he said.

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