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Image Credit: Bloomberg Quint

Monday Mayhem: FPIs Sell Highest Since Feb. 28 Amid Market Rout

  • Foreign portfolio investors continued selling stocks for the sixth day in a row on Monday, net offloading around Rs 9,040.01 crore worth of shares, based on provisional data from the National Stock Exchange. This marks the largest sell-off by FPIs since Feb. 28.
  • Domestic institutional investors turned net buyers after a selling session as they mopped up equities worth Rs 12,122.45 crore. This indicates the largest buying by domestic investors since Feb. 28.
  • India's benchmark equity indices hit 10-month low and ended with losses on Monday, extending declines for the third straight session. This came on a day when most Asian markets faced mayhem, cumulatively plunging the most in 14 years.
  • The NSE Nifty 50 ended 742.85 points or 3.24% lower at 22,161.60, while the BSE Sensex closed 2,226.79 points or 2.95% down at 73,137.90.

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