FIIs net sell shares worth Rs 3,399 crore, DIIs net buy Rs 3,508 crore on August 12

At close, the Sensex was down 368.49 points or 0.46 percent at 80,235.59, and the Nifty was down 97.65 points or 0.40 percent at 24,487.40.

On August 12, Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 3,399 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 3,508 crore worth of shares, according to provisional NSE data.

DIIs purchased equities worth Rs 11,888 crore and offloaded shares amounting to Rs 8,381 crore. FPIs, on the other hand, bought stocks worth Rs 12,931 crore while selling Rs 9532 crore.

For the year so far, FIIs have been net sellers of equities worth Rs 1.81 lakh crore and DIIs were net buyers worth Rs 4.54 lakh crore.

Market View

At close, the Sensex was down 368.49 points or 0.46 percent at 80,235.59, and the Nifty was down 97.65 points or 0.40 percent at 24,487.40.

Maruti Suzuki, Hero MotoCorp, Tech Mahindra, M&M, NTCP were among major gainers on the Nifty, while losers included Bajaj Finance, HUL, Trent, HDFC Bank, Nestle.

Mixed trend was seen on the sectoral front with auto, pharma, metal, oil & gas, IT, media indices rising 0.3-0.7 percent while realty, FMCG, banks and consumer durables down 0.5 percent each.

On today's market, Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research), Centrum Broking noted that the markets failed to hold on to higher levels, with the Nifty once again facing stiff resistance at 24,700, which continues to cap the upside.

"On the daily chart, the index formed a bearish candle with a long upper shadow, highlighting selling pressure at higher zones. For any meaningful pullback, it is crucial for the index to reclaim 24,500, which could then open the door for a retest of 24,700. Overall, we expect Nifty to remain range-bound between 24,330 (support) and 24,700 (resistance)," Jain said.

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