FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Foreign institutional investors sold Indian equities for the 10th straight week, offloading Rs 26,970 crore.
- ✓The Nifty 50 fell 2.4% to 22,600 amid global uncertainty.
- ✓Pabitro Mukherjee said, "The steady moderation in FII selling offers some comfort, though elevated crude and sharp broader-market weakness keep the downside risk alive."
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Foreign institutional investors (FIIs) remained net sellers in Indian equities for the 10th consecutive week, as benchmark indices extended their losses amid rising Brent crude prices, weak global cues and persistent geopolitical uncertainties. While the pace of foreign selling moderated, a sharper correction in mid- and small-cap stocks underscored the fragility of market sentiment.
The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at 22,600. The Bank Nifty fell 2.8%, while the Nifty Midcap 100 and Nifty Smallcap 100 plunged 5.6% and 7.3%, respectively, as selling pressure intensified beyond frontline stocks.
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Economic Times
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