FIIs net sell shares worth Rs 3,958 crore, DIIs net buy Rs 2,708-crore shares

For the year so far, FIIs have net sold Rs 92,651 crore, while DIIs have net bought Rs 90,121 crore worth of shares.

On February 3, domestic institutional investors (DIIs) bought shares worth Rs 2,708 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 3,958 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 19,319-crore shares and sold shares worth Rs 16,611 crore, and FIIs purchased Rs 12,506-crore shares while offloading equities worth Rs 16,464 crore.

For the year so far, FIIs have net sold Rs 92,651-crore shares, while DIIs have net bought Rs 90,121 crore worth of shares.

Market View

At close, the Sensex was down 319.22 points or 0.41 percent at 77,186.74, and the Nifty was down 121.10 points or 0.52 percent at 23,361.05.

Biggest Nifty losers were L&T, ONGC, Bharat Electronics, Tata Consumers and Coal India, while gainers included Bajaj Finance, M&M, Wipro, Shriram Finance, Bajaj Finserv.

On the sectoral front, except Consumer Durables (up 0.5 percent) and IT (up 0.7 percent), all other sectoral indices ended lower.

Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher noted that the Indian indices ended lower as global markets started the week on a negative note. "This downturn follows President Trump’s decision to impose tariffs on Canada, Mexico, and China, which has raised concerns about the potential impact on global economic growth. Over the weekend, Trump followed through on his earlier threats, applying 25% duties on Canada and Mexico, and a 10% levy on China, citing these measures as necessary to curb migration and fentanyl flow into the US," he noted.  The Indian rupee also hit a record low, weakening beyond Rs 87 per US dollar for the first time.

Going ahead, he noted that Asian markets are expected to face volatility, with investors reacting to the newly imposed tariffs, which have raised fears of a broad trade war. "Despite being anticipated, the move has still left markets on edge," Kasat added.