FIIs net sell shares worth Rs 4227 crore, DIIs net buy Rs 821 crore

At close, the Sensex was down 720.60 points or 0.90 percent at 79,223.11, and the Nifty was down 183.90 points or 0.76 percent at 24,004.75.

On January 3, Domestic institutional investors (DIIs) bought shares worth Rs 821 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 4,227 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 10,813 crore and sold shares worth Rs 13,512 crore, and FIIs purchased Rs 10,813 crore in shares while offloading equities worth Rs 15,040 crore.

Market View

At close, the Sensex was down 720.60 points or 0.90 percent at 79,223.11, and the Nifty was down 183.90 points or 0.76 percent at 24,004.75.

Among sectors, bank, capital goods, IT, pharma closed in the red, while oil & gas, media gained.

Also read: Taking Stock: Bears back in action; Nifty below 24,050, Sensex falls 700 pts

Wipro, ICICI Bank, HDFC Bank, Tech Mahindra and Adani Ports were among major losers on the Nifty, while gainers included ONGC, Tata Motors, SBI Life Insurance, Titan Company and HUL.

According to Joseph Thomas, Head of Research, Emkay Wealth Management, the markets remained volatile throughout the week with many factors working on the mind of the markets. "The trajectory of official interest rates, the imminent installation of the second Trump regime, the uncertainty regarding the likely direction of the regional conflicts etc. have been consequential factors for the market participants. The domestic equity markets have moved lower with lower rate of economic growth, sluggishness in manufacturing, liquidity deficit in the interbank market, and a sharply lower Indian Rupee against the US Dollar, " he said adding that these factors will continue to influence the direction  of the markets in the coming weeks too.”