Amid the elevated crude oil prices and the US Federal Reserve rate hike, Foreign Institutional Investors (FIIs) continued to be net sellers in the market for the fifth consecutive week, according to analysts.

"On the flows front, FIIs stayed net sellers for the fifth straight week, offloading Rs 7,620 crore. Domestic Institutional Investors (DIIs) extended their buying streak with net purchases of Rs 11,232 crore, which helped the index (Nifty) recover from its mid-week lows," Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking said.