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By Malvika Gurung
Investing.com — Indian benchmark equity indices witnessed one of their worst falls on Thursday, with the 30-scrip index plunging over 2,800 points in the session, before closing at 54,529.91, tanking 4.7%, while ended 4.8% lower.
Investors on Dalal Street lost Rs 13.6 lakh crore worth of wealth, as the fear barometer flew to record its 20-month high and the Russian index 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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