FPIs Sell Highest Amount Of Shares Since June 4
Foreign portfolio investors offloaded equities worth Rs 10,073.7 crore for a second consecutive session.
On Monday, overseas investors sold the highest amount of stocks since June 4, 2024, when they had offloaded Rs 12,436 crore worth of equities on the day of the Lok Sabha election results.
Foreign portfolio investors offloaded equities worth Rs 10,073.7 crore for a second consecutive session, according to provisional data from the National Stock Exchange.
India's benchmark stock indices ended at over a month's low. The selloff in global equities, as traders unwound their carry-trade bets on the Japanese yen after it rose against the US dollar, put pressure on the benchmarks. Market capitalisation of Nifty 50 companies decreased from Rs 5.5 lakh crore to Rs 191.8 lakh crore on Monday.
Domestic investors have bought the highest amount of stocks so far this year. They remained net buyers for the second consecutive session and mopped up equities worth Rs 9,155.5 crore, the NSE data showed.
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Foreign institutions have been net buyers of Indian equities worth Rs 31,171 crore so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.
The NSE Nifty 50 ended 662.10 points, or 2.68%, lower at 24,055.60, the lowest since June 28. The S&P BSE Sensex ended 2,222.55 points, or 2.74%, down at 78,759.40, the lowest level since June 26.
