Indian mkts fall amid US tech bank share collapse
Mint Mumbai|March 11, 2023
FPIs sold a provisional ₹2,062 crore worth of shares, pulling down Nifty, Sensex
Ram Sahgal
Indian mkts fall amid US tech bank share collapse

Indian benchmark indices fell for the second straight session on Friday, tracking overnight cues from the S&P 500 and Nasdaq, which fell after a crash in shares of tech-focused Silicon Valley Bank amid fears of higher-than-expected rate hikes by the US Federal Reserve.

Foreign portfolio investors (FPIs) sold a provisional ₹2,062 crore worth of shares, pulling down the benchmark indices Nifty and Sensex by a percent each to 17,412.9 and 59,135.13 points.

Most FPI selling was in stocks of financial institutions, with HDFC Bank shedding 2.6% and Housing Development Finance Corp. and IndusInd Bank falling 2% each.

Denne historien er fra March 11, 2023-utgaven av Mint Mumbai.

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Denne historien er fra March 11, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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