FIIs record highest single-day selling in February on Friday, sell shares worth Rs 11,639 crore
In the 20 trading sessions, they were buyers on just two instances — on February 18, when they had bought domestic shares worth Rs 4,786.6 crore and on February 4, when they purchased shares worth Rs 809.2 crore.
Domestic institutional investors (DIIs) threw their weight around, buying equities worth Rs 12,308.63 crore, but that was not good enough to bail the markets out.
Nifty finished the day at 22,124.70 breaching all major crucial support levels. It went down by a whopping 420.35 points or 1.86%while the BSE Sensex tanked 1,414.33 points or 1.90% to close at Rs 73,198.10. BSE listed companies saw their market capitalisation wipe out by Rs 9 lakh crore.
US economic woes weighed on the Street as the world’s largest economy grew slower at a 2.3% annualised rate last quarter after accelerating at a 3.1% pace in the July-September quarter. The sentiments showed on domestic markets with significant selling pressure seen in the IT stocks.
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