FIIs sell Indian stocks worth ₹11,593.08 crore, DIIs buy worth ₹8,166.53 crore
₹11,593.08 crore and bought stocks for ₹9,761.24 crore, resulting in an outflow of ₹1,831.84 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹8,166.53 crore and offloaded shares worth ₹6,697.03 crore, resulting in an inflow of ₹1,469.50 crore, the exchange data showed. The 30-share BSE Sensex plunged 551.07 points, or 0.83%, to end at 65,877.02.
During the day, it fell 585.99 points, or 0.88%, to 65,842.10. The NSE Nifty declined 140.40 points, or 0.71%, at 19,671.10. Prashanth Tapse, senior VP (research) at Mehta Equities Ltd, said: “Nervousness remained high amidst deepening Middle-East tensions, as Israel-Palestine conflict deepens.
Other negative factors such as Uninspiring Q2 from corporate India Inc, the 10-year US Treasury yields spiking to 4.85%, rising expectations of one more interest rate increase from the Fed, and anxiety ahead of Powells Thursday’s speech continue to weigh on the sentiment. Technically, Nifty’s biggest support is placed at the 19509 mark, while confirmation of strength for the index can be seen once it surpasses the 19887 mark hurdle." In the broader market, the BSE midcap gauge declined 0.85% and smallcap index dipped 0.32%. “Geopolitical tensions in the Middle-East due to the raging war between Israel and Hamas spooked Indian markets as investors turned risk-off and hammered stocks at will.
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