Bear shadow of FIIs puts Street on edge
Hindustan Times|November 08, 2024
The rally proved short-lived. A day after India's stock markets shot up more than 1% following Donald Trump's victory in the US elections, adding ₹7.75 trillion to investor wealth, the benchmark indices were back on their downward slide.
Ram Sahgal
Bear shadow of FIIs puts Street on edge

Sustained selling by foreign institutional investors (FIIs) in cash and derivatives markets turned the market turbulent. Both benchmark indices fell more than 1%, erasing much of the wealth gained a day earlier. The NSE Nifty tumbled 1.16% to 24,199.35 and the BSE Sensex fell 1.04% to 79,541.79. The rupee hit a new low as well.

To be sure, FIIs had also sold shares on the day of the US election results as well—worth ₹3,713.67 crore, according to NSDL data—but that was offset by purchases of ₹4,889.33 crore by domestic institutional investors (DIIs).

On Thursday, FIIs sold shares worth a provisional ₹4,888.77 crore, as per BSE data. The indices took a beating as DII purchases totalled just a provisional ₹1,786.7 crore.

هذه القصة مأخوذة من طبعة November 08, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 08, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من HINDUSTAN TIMES مشاهدة الكل
YOU DON'T SEE RED FLAGS IN A RELATIONSHIP IMMEDIATELY, SAYS ANANYA
Hindustan Times

YOU DON'T SEE RED FLAGS IN A RELATIONSHIP IMMEDIATELY, SAYS ANANYA

ctor Ananya Panday, who has often been in the spotlight for her love life, has revealed that she changed herself \"a lot\", in a past relationship.

time-read
1 min  |
November 29, 2024
‘I quit Roadies because we were told to scream at people’
Hindustan Times

‘I quit Roadies because we were told to scream at people’

Television host and actor Raghu Ram recently opened up about why he and his twin Rajiv Lakshman decided to quit hosting the adventure reality TV show Roadies.

time-read
1 min  |
November 29, 2024
Hindustan Times

'Being Real' is in trend this wedding season

Weddings are special! After all, you get to dress up in your most glamorous, dapper, authentic self during all the celebrations!

time-read
1 min  |
November 29, 2024
I am a proud boyfriend: Palaash Muchhal on Smriti Mandhana
Hindustan Times

I am a proud boyfriend: Palaash Muchhal on Smriti Mandhana

Rumours about cricketer Smriti Mandhana, one of India's most celebrated women cricketers and the captain of Royal Challengers Bangalore in the Women's Premier League (WPL), dating composer-filmmaker Palaash Muchhal, had been circulating for quite some time.

time-read
1 min  |
November 29, 2024
Hindustan Times

Sri Lanka crash to record low Test total of 42 vs SA

Fast bowler Marco Jansen took 7/13 as South Africa skittled Sri Lanka for just 42 in their first innings on the second day of the first Test at Kingsmead in Durban on Thursday.

time-read
1 min  |
November 29, 2024
Swiatek accepts one-month suspension after failing test
Hindustan Times

Swiatek accepts one-month suspension after failing test

World No.2 and five times Grand Slam champion Iga Swiatek has accepted a one-month suspension after testing positive for banned substance trimetazidine (TMZ), the International Tennis Integrity Agency said on Thursday.

time-read
2 mins  |
November 29, 2024
Can the emperor strike back?
Hindustan Times

Can the emperor strike back?

Right after losing Game 3 in the World Championship, Ding Liren, looking sullen, was asked how he planned to spend the rest day (Thursday). \"I'll wake up and see... The result of this game will maybe influence my emotions on the rest of the day,\" he said.

time-read
3 mins  |
November 29, 2024
IPL selection process more liberalised
Hindustan Times

IPL selection process more liberalised

Now that the dust has settled and money spent, it's time to step back and look at what unfolded in Jeddah.

time-read
3 mins  |
November 29, 2024
Hindustan Times

Bumrah and the curious case of the world rankings

The India spearhead’s white-ball rankings do little justice to his sheer dominance over batting units across the world

time-read
3 mins  |
November 29, 2024
Hindustan Times

DoT releases draft rules for testing new telecom products

The department of telecommunications on Thursday released draft rules for setting up regulatory sandboxes to test new telecom products and services in controlled environments. The public can submit feedback on the draft rules for 30 days.

time-read
2 mins  |
November 29, 2024