Indian Market Could Remain Under Pressure for Now

The Sensex ended the session down 2,227 points, or 2.95 percent, at 73,138, while the Nifty 50 fell 743 points, or 3.2 percent, to close at 22,162.

- 

Selling pressure was broad-based, with 775 stocks hitting their 52-week lows and 543 breaching lower trading limits. Market breadth was weak, with six stocks declining for every one that advanced. Foreign institutional investors (FIIs) led the exodus, offloading ₹9,040 crore worth of equities -- the highest single-day outflow since February 28. Domestic institutional investors (DIIs), in contrast, purchased shares worth ₹12,122 crore, marking their strongest buying since the same date.