Foreign institutional investors (FIIs) continued to be net sellers, according to provisional figures from the stock exchanges (SEs). On Wednesday, FIIs sold Rs 911 crore equities while domestic institutional investors (DIIs) were net buyers to the tune of Rs 723.11 crore.
Volumes continued to remain low on both BSE and NSE as uncertainty prevailed. The volatility in the markets has kept retail investors at bay and even few domestic institutional investors are shying away. However, as the markets stabilise, we will see participation from all segments of investors, said Anita Gandhi, head of research at Arihant Capital Markets.
All the sectoral indices ended in negative territory, with BSE Oil and Gas losing 497.21 points or 4.45% before finally closing at 10,684.56 points. This was followed by BSE Power, which lost 113.49 points or 2.88%.
The overall markets breadth was negative at the BSE with 726 stocks rising as against a decline by 2,018, while 43 stocks remained unchanged.
On the derivatives segment, Nifty Jan series, after witnessing high volatility, came in line with the spot Nifty. However, the Nifty for the February series closed at a discount of 24.6 points at 5,143 points with respect to its spot price.
Gaurang Shah, chief manager at Geogit Securities Ltd, said, Under such volatile environment, we are witnessing better rollovers at 50% but I think the markets are goingto remain volatile till thebudget.