Nifty Plummets to 22,780 as FIIs Sell ₹5,353 Crore
Foreign institutional investors significantly increased their selling, contributing to a sharp decline in the Nifty index.
FIIs sold shares worth ₹5,353.22 crore on Monday, marking a significant sell-off.
The Nifty index dropped 360 points to 22,780, its lowest since April.
Domestic institutional investors remained active buyers, purchasing equities worth ₹5,189.02 crore.
On Monday, foreign institutional investors (FIIs) were net sellers in the Indian equity market, offloading shares valued at ₹5,353.22 crore, according to preliminary exchange data. This marked a notable increase in selling activity, contributing to a significant drop in the Nifty index.
The trading day saw FIIs purchasing equities worth ₹9,047.56 crore while selling shares totaling ₹14,400.78 crore. In contrast, domestic institutional investors (DIIs) were net buyers, acquiring equities worth ₹5,189.02 crore. They bought shares amounting to ₹15,918.32 crore and sold equities worth ₹10,729.30 crore, indicating a strong interest from local investors amid the sell-off by FIIs.
The Indian equity markets continued to experience losses, with the Nifty index plunging 360 points to close at 22,780, the lowest level since April 2. The Sensex also fell sharply, dropping 1,124 points to 72,772. The Nifty Bank index declined by 1,109 points to 54,472, while the midcap index decreased by 992 points to 59,914. All major indices fell nearly 2%, with the Nifty Bank being the worst performer.
Market conditions were further strained by rising crude oil prices, which impacted investor sentiment. A total of 47 out of 50 Nifty stocks ended the day in negative territory, with seven stocks hitting their 52-week lows. The volatility index surged by 13%, reflecting increased market uncertainty.
Looking back at the previous week, FIIs were net sellers of ₹11,490.03 crore in Indian equities, selling in four out of five trading sessions. In contrast, DIIs were net buyers, accumulating ₹16,398.15 crore during the same period. The market dynamics suggest a continued trend of FII selling, while DIIs remain optimistic, potentially indicating a divergence in market sentiment moving forward.
