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Mkt mayhem erases FPIs' dollar returns since June
Hindustan Times Thane|January 28, 2025
The continuing slide of the markets on Monday saw dollar returns of foreign investors all but wiped out since the general election results day low of 4 June.
- Ram Sahgal

MUMBAI: Benchmarks NSE Nifty and BSE Sensex, buffeted by sustained foreign investor selling amid a US tech rout, fell more than 1% each on Monday, even as the BSE Dollex 30 fell 1.29% due to a weaker rupee. The Dollex is the US dollar version of the bellwether Sensex 30.

After Monday's fall, the BSE Dollex 30 traded at 7,161.83, 1% away from its low of 7,085.67 on June 4, as per Bloomberg. That day, the Dollex, tracking the Sensex, had tanked 6% with the BJP falling short of winning a majority on its own in the Lok Sabha elections.

In contrast, the Nifty at Monday's close of 22,829.15 and the Sensex at 75,366.17 are more than 4% away from their lows of 21,884.5 and 72,079.05 on June 4. The dollex's underperformance is because of the rupee depreciating by 3.36% to 86.34 to the US dollar over the same period.

هذه القصة مأخوذة من طبعة January 28, 2025 من Hindustan Times Thane.

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

Mkt mayhem erases FPIs' dollar returns since June
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هذه القصة مأخوذة من طبعة January 28, 2025 من Hindustan Times Thane.

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

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