Foreign Investors Dumped Rs 6,450 Cr Worth Domestic Shares on Feb 24: Details

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Foreign Investors Dumped Rs 6,450 Cr Worth Domestic Shares on Feb 24: Details

By Malvika Gurung

Investing.com -- Indian benchmark equity indices witnessed one of their worst falls on Thursday, with the 30-scrip index Sensex plunging over 2,800 points in the session, before closing at 54,529.91, tanking 4.7%, while Nifty 50 ended 4.8% lower.

Investors on Dalal Street lost Rs 13.6 lakh crore worth of wealth, as the fear barometer India VIX flew to record its 20-month high and the Russian index MOEX plummeted as much as 45% on Thursday, marking a historical plunge, led by the aggravated Russia-Ukraine crisis.

In the process, foreign institutional investors (FIIs) sold shares worth Rs 6,448.2 crore and domestic institutional investors bought equity shares worth Rs 7,667.75 crore in the domestic market, indicating NSE and BSE data.

In the first half of February, foreign portfolio investors sold IT sector shares worth Rs 5,626 crore and re-invested Rs 2,760 crore in the banking stocks.

FPIs appeared bullish on the pharmaceuticals, textiles and metals & mining businesses, even though the three sectors witnessed selling worth Rs Rs 12,873 crore from Feb 1-15.

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  • Ime my @Ime my
    i like FII approch Most..👌👍💐
    Like 0
    • Ime my @Ime my
      *FII'S
      Like 0

      • Comment Guidelines

      We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

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  • Satish Adewar @Satish Adewar
    Article heading is negative as more that forein investors DII BOUGHT…it seems ,written to creat panic than to give clearity.
    Like 3
  • maruthi baldawa @maruthi baldawa
    Posting about FIIS, kindly update DIIS buying more than them. - Thats a complete info.
    Like 4
  • advisor ram @advisor ram
    looks like huge growth in bank
    Like 1

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