FIIs net sell shares worth Rs 5,015 crore, DIIs net buy Rs 6,642-crore shares

For the year so far, FIIs have net sold Rs 74,087 crore, while DIIs have net bought Rs 73,584 crore worth of shares.

On January 27, domestic institutional investors (DIIs) bought shares worth Rs 6,642 crore, while on the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 5,015 crore, provisional data from NSE showed.

During the trading session, DIIs bought Rs 16,503-crore shares and sold shares worth Rs 9,861 crore, and FIIs purchased Rs 9,489-crore shares while offloading equities worth Rs 14,504 crore.

For the year so far, FIIs have net sold Rs 74,087-crore shares, while DIIs have net bought Rs 73,584 crore worth of shares.

Market View

At close, the Sensex was down 824.29 points or 1.08 percent at 75,366.17. Nifty had fallen below the 22,800-level briefly on an intraday basis. It, however, recovered some losses and closed 263.05 points or 1.14 percent lower at 22,829.15.

HCL Technologies, Tech Mahindra, Wipro, Hindalco Industries, Shriram Finance were among the top losers on the Nifty, while gainers included ICICI Bank, Britannia Industries, M&M, HUL and SBI.

All the sectoral indices ended in the red. IT index shed 3.4 percent while oil & gas, metal, consumer durables, pharma and energy were down 2 percent each.

Osho Krishnan, Sr. Analyst, Technical & Derivatives of - Angel One, noted that as we look ahead to the week, a plethora of events are set to unfold, each holding the potential to shift market dynamics significantly. "Given this landscape of potential developments, it's essential to remain agile and responsive. The anticipated increase in volatility presents opportunities to capitalise on market movements, whether they trend upward or downward. Staying alert and adaptable will be crucial for navigating the twists and turns that lie ahead," he said.