FIIs net sell shares worth Rs 4,582 crore, DIIs net buy Rs 2,165-crore shares

FIIs net sell shares worth Rs 4,582 crore, DIIs net buy Rs 2,165 crore shares

On January 30, domestic institutional investors (DIIs) bought shares worth Rs 2,165 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 4,582 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 13,934-crore shares and sold shares worth Rs 11,768 crore, and FIIs purchased Rs 10,513-crore shares while offloading equities worth Rs 15,096 crore.

For the year so far, FIIs have net sold Rs 86,177 crore, while DIIs have net bought Rs 84,357 crore worth of shares.

Market Outlook

At closing, Sensex stood at 76,908.28 points (at a gain of 0.49 percent), while Nifty stood at 23,300.30 points (at a gain of 0.59 percent). The BSE Midcap and Smallcap indices were trading flat. Sector-wise, IT and consumer durables are down by 0.5-2 percent, while oil & gas, power, pharma, energy, PSU, FMCG, and realty sectors are up by 0.5-1 percent. The broader market pulled back from its highs, with the BSE Midcap index up 0.4 percent and the BSE Smallcap index rising 0.7 percent.

Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, reflected on today's market performance, saying, "The broader market indices underperformed, closing on a flat note. The U.S. Federal Reserve kept interest rates unchanged, in-line with market expectation. FPIs have offloaded Rs 81,600 crore worth of Indian equities in January till date, the second-largest monthly outflow on record after Oct’24, as elevated US Treasury yields and lacklustre domestic earnings deterred foreign investors. On the macro front, the ECB interest rate decision and the preliminary Q4 GDP of the US to be released later today, will be the key data to watch out for. We expect market to trade within a broad range, with stock/sector specific action ahead of the Union Budget and ongoing Q3 results."