Nifty 50 tumbles over 600 points in 4 sessions on heightened volatility, down 1.65% in May so far
Also Read: Nifty 50 falls for 3rd session in a row; investors lose nearly ₹5 lakh crore This downward trajectory continued into the fourth consecutive trading session on Wednesday, with the Nifty 50 shedding another 0.52%, or 117 points, hitting an intraday low of 22,185 points. Taking today's low into account, the Nifty 50 has dropped 609 points. On the other hand, Sensex also recorded a decline of 438 points in today's trade, reaching an intraday low of 73,073 points.
Over the course of the last three sessions, the Sensex has shed a total of 1,100 points. Also Read: Q4 results today: L&T, Tata Power, BSE, TVS Motor, Hero Motocorp, and Canara Bank to report Q4 earnings on May 8 During the recent sell-off, mid- and small-cap stocks bore the brunt of the downturn, experiencing significant selling pressure. The Nifty Midcap 100 index witnessed a decline of 3% over the past three sessions, while the Small Cap 100 index plummeted nearly 4% during the same period.
Foreign portfolio investors sold Indian shares worth ₹3,668.84 crore on Tuesday, while domestic institutional investors bought a net of ₹2,304 crore in stocks, Trendlyne data showed. FPIs have been sellers in 20 of the last 25 sessions. Also Read: FPIs turn net sellers worth ₹8,671 crore in April after 2 months of buying On the other hand, India's volatility index rose by as much as 7.7% to 18.32, hitting a 15-month high for the third session in a row on Wednesday.
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