Fund flow today | FIIs sell Indian stocks worth ₹4,236.60 crore, DIIs buy for ₹3,569.36 crore
₹13,312.21 crore and bought stocks for ₹9,075.61 crore, resulting in an outflow of ₹4,236.60 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹9,638.55 crore and offloaded shares worth ₹6,069.19 crore, resulting in an inflow of ₹3,569.36 crore, the exchange data showed. The 30 share BSE Sensex tanked 522.82 points, or 0.81%, to end at 64,049.06.
During the day, it dropped 659.72 points, or 1.02%, at 63,912.16. The NSE Nifty declined by 159.60 points, or 0.83%m at 19,122.15. The Sensex has plunged 2,379.03 points, or 3.58%, in the last five days.
The market capitalisation of BSE-listed companies was eroded by ₹14.60 lakh crore to ₹3,09,22,136.31 crore in five days. In the broader market, the BSE smallcap gauge declined 0.77% and midcap index fell 0.52%. Among the sectoral indices, tech dropped 1.39%, telecommunication fell 1.29%, utilities (1.25%), IT (1.13%), power (1.09%), financial services (0.83%), realty (0.80%) and bankex (0.70%).
Metal was as the only gainer. The Indian rupee paired its early gains to close 2 paise lower at 83.18 against the US dollar on Wednesday. Weakness among most of its Asian peers weighed on the Indian rupee as the offshore Chinese yuan slipped 0.17% to 7.32 against the US dollar.
At the interbank foreign exchange market, the rupee opened stronger by 8 paise at 83.08 and traded between the peak of 83.08 and the lowest level of 83.19 against the US dollar. On Monday, the rupee had closed 4 paise lower at 83.16 against the US dollar. Softening of crude oil prices and some buying by foreign equity investors, however, supported the Indian currency."Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.com
