FPIs Extend Selloff as Nifty Falls Below 25,000 and Sensex Posts Fifth Straight Loss
Foreign outflows combined with visa-fee jitters kept sentiment fragile.
Overview
- Provisional NSE data showed FPIs net sold Rs 4,995.42 crore on Thursday, extending a multi-session exit.
- DIIs purchased Rs 5,103.01 crore, marking a 23rd consecutive day of net buying that helped limit losses.
- The Sensex closed at 81,159.68 (-0.68%) and the Nifty at 24,890.85 (-0.66%) after slipping under the 25,000 mark.
- Analysts cited pressure on IT from a proposed U.S. H-1B visa fee hike, with realty leading sectoral declines and Metals the lone Nifty gainer.
- FPI outflows total about Rs 13,450 crore for September and Rs 1.42 lakh crore year-to-date, while BSE breadth was weak with 2,709 decliners versus 1,474 advancers.