According to the provisional data of NSE, on January 24, domestic institutional investors (DIIs) pure shares worth Rs 2,402 crore. On the other hand, foreign institutional investors (FIIs) sold shares worth Rs 2,758 crore. During the trading session, DII bought shares worth Rs 12,835 crore and sold shares worth Rs 10,433 crore. FII bought shares worth Rs 11,230 crore, while selling shares worth Rs 13,988 crore. So far this year, Fiis has purely sold shares worth Rs 69,072 crore. While DIIS has bought shares worth Rs 66,942 crore.
On 24 January, the broader market faced a lot of pressure. The Sensex closed down 0.43 percent to close at 76,190.46. The Nifty 50 closed at 23,092.2 with a decline of 0.49 percent.
Hindustan Unilever (HUL) was the largest gainer with a 2 percent increase. While Dr. Reddy’s Labs was 5.04 percent to the largest loosers.
The Nifty FMCG index emerged as the best performing sectoral index. It closed at 56069.3 with a positive change of 0.52 percent. In contrast, the performance of the Nifty Pharma Index was the worst. It closed 2.11 percent to close at 21,872.40.
Siddharth Khemka’s view of Motilal Oswal
Talking about the market performance, Siddharth Khemka of Motilal Oswal Financial Services said, “Body market index was under heavy selling pressure. Nifty midcap 100 fell 1.6 percent and Nifty Smallcap 100 declined by 2.4 percent. Look at the global market. So, the Bank of Japan increased the interest rates by 0.5 percent. This has reached its highest level since 2008, on the other hand, US President Donald. The other two indexes witnessed an increase for the fourth consecutive day after Trump calls for low interest rates and cheap oil rates.
He further said, “Domestic equity may have some volatilit in domestic equity amidst the results of the third quarter, the economic policies of US President Trump and the union budget on Saturday (1 February). It is expected to be traded in the widespread market with this with the domestic equity. In such a situation, there will be a market focus on the stock with railway, defense, capital goods, PSUs and Capex theme before the budget. “
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