MUMBAI: Foreign portfolio investors (FPIs) dumped stocks on Tuesday as the rupee touched a new life low, a day after shock data on India's trade deficit in November. The market fall, a day ahead of an expected interest rate cut in the US, also comes at a time of increased supply through initial public offers.
On Tuesday, in addition to cash sales, FPIs raised bearish bets on Indian derivatives. Trade data showed markets are in oversold territory, with chances of volatility increasing. BSE data showed FPIs net sold Indian shares worth a provisional ₹6,409.86 crore as the rupee plunged to a new low of 84.93, before recovering to close down three paise at 84.90. Though local institutions net purchased a provisional ₹2,706.48 crore, that was not enough to prevent the Nifty and Sensex from falling the most in nearly three weeks. While the Nifty tanked 1.35% to 24,336, the Sensex shed 1.3% to close at 80684.45.
Data released on Monday showed India's goods trade deficit in November shot up to nearly $38 billion, an all-time high, as imports rose and exports fell.
この記事は Hindustan Times Uttarakhand の December 18, 2024 版に掲載されています。
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この記事は Hindustan Times Uttarakhand の December 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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