Going Downhill Once Again
Amidst heavy selling by FIIs and a surge in retail inflation, the indices continued their decline with the sectors that previously attracted the highest foreign investments experiencing the most significant declines.
After a robust corporate earnings’ season, the Indian frontline indices witnessed consistent declines caused by foreign investors choosing to book profits subsequent to a significant market upswing. Amidst the ongoing scenario, FIIs maintained their position as net sellers, while DIIs transitioned to becoming net buyers. In the last 15 days, FII outflow totalled ₹ 8,081.37 crore while DII inflow reached ₹ 6,116.60 crore. Benchmark indices, the BSE Sensex and Nifty 50 recorded declines of 1.18 per cent and 1.06 per cent, respectively. In contrast, broader indices continued an uninterrupted rally, displaying a persistent sense of optimism.
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