DIIs buy Rs 821 crore, FIIs net sell shares worth Rs 4227 crore
Domestic institutional investors (DIIs) acquired shares amounting to Rs 10,813 crore and sold shares worth Rs 13,512 crore. On the other hand, foreign institutional investors (FIIs) purchased shares worth Rs 10,813 crore while offloading equities worth Rs 15,040 crore.
On January 3, Domestic Institutional Investors (DIIs) purchased shares worth Rs 821 crore, while Foreign Institutional Investors (FIIs) sold shares worth Rs 4,227 crore, according to provisional data from NSE.
Throughout the trading session, DIIs bought shares totaling Rs 10,813 crore and sold shares worth Rs 13,512 crore. On the other hand, FIIs purchased shares worth Rs 10,813 crore but offloaded equities worth Rs 15,040 crore.
Market Overview:
At the close, the Sensex dropped by 720.60 points or 0.90 percent to 79,223.11, while the Nifty fell by 183.90 points or 0.76 percent to 24,004.75. Sectors such as banking, capital goods, IT, and pharmaceuticals closed in the negative, while oil & gas and media sectors saw gains.
Wipro, ICICI Bank, HDFC Bank, Tech Mahindra, and Adani Ports were among the major losers on the Nifty, while ONGC, Tata Motors, SBI Life Insurance, Titan Company, and HUL were among the gainers.
According to Joseph Thomas, Head of Research at Emkay Wealth Management, the markets experienced volatility throughout the week due to various factors. These factors include official interest rates, the upcoming second Trump administration, and uncertainty surrounding regional conflicts. Thomas noted that the domestic equity markets have been impacted by a lower rate of economic growth, manufacturing sluggishness, liquidity deficits in the interbank market, and a significantly weaker Indian Rupee against the US Dollar. He believes that these factors will continue to influence market direction in the coming weeks.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.