According to NSE provisional data, on January 10, domestic institutional investors (DIIs) bought shares worth Rs 3,962 crore. While on the other hand, foreign institutional investors (FIIs) sold shares worth Rs 2,255 crore. During the trading session, DIIs bought equities worth Rs 14,294 crore and sold shares worth Rs 10,332 crore. On the other hand, FIIs bought shares worth Rs 10,097 crore, while sold equities worth Rs 12,352 crore. So far this year, FIIs have sold shares worth a net Rs 21,353 crore. While DIIs have bought shares worth a net Rs 24,216 crore.
At market close, Sensex fell 241.30 points or 0.31 per cent to close at 77,378.91. Nifty closed 95 points or 0.40 per cent lower at 23,431.50.
TCS, Tech Mahindra, Wipro, Infosys, HCL Technologies were the major gainers on Nifty. While Shriram Finance, IndusInd Bank, Adani Enterprises, NTPC and Bharat Electronics were the major falling stocks.
Except IT, all other sectoral indices closed in the red.
On the market, Vinod Nair of Geojit Financial Services said the decline in Indian GDP growth estimate to 6.4 per cent for FY2025 has hit the pace of the economy. “Furthermore, Q3 corporate results remain below estimates, which is not helping investor sentiments. This has weighed on the market, especially due to continued selling by FIIs due to high valuations amid broader markets and global headwinds. On the strength of the dollar, he said, “Along with the rise in US bond yields, investor confidence has also been affected. But the initial results of the IT sector have raised a ray of hope.”
Nair said that looking ahead, corporate results will remain in the spotlight. In which major companies including IT giants will release their third quarter results.
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