Markets nosedive as FIIs on selling spree ahead of RBI's policy stance
The Morning Standard|February 08, 2022
FIIs sell equities worth ₹1,157 cr on Monday; financial, FMCG and infra stocks feel the heat
RAM SAHGAL
Markets nosedive as FIIs on selling spree ahead of RBI's policy stance

FUND-BASED selling largely in frontline and large cap stocks wiped out ₹2.95 lakh crore in investor wealth. Benchmark indices Nifty fell by 302.7 points to 17213.6 while the Sensex tanked by 1024 points to 57621.

FIIs sold a provisional ₹1,157 crore on Monday, taking their sales in February to ₹9,936 crore and in the fiscal year so far to ₹7,3231 crore, including Monday’s provisional figure, or well over $9.5 bn.

DIIs sold a provisional 1,376 crore of shares.

This story is from the February 08, 2022 edition of The Morning Standard.

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This story is from the February 08, 2022 edition of The Morning Standard.

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