Overview
- After a volatile session, the Sensex closed at 84,391.27 and the Nifty at 25,758.00, marking a third straight decline to roughly one-month lows.
- Provisional NSE data showed foreign investors net sold about Rs 3,760 crore while domestic institutions bought roughly Rs 6,225 crore as the rupee slipped past 90 against the dollar.
- Roughly Rs 8 lakh crore in BSE market value has been erased over the past three sessions as risk-off sentiment strengthened.
- IT and private banking shares led losses and late selling flipped early gains, with global caution heightened by rising Japanese yields and possible Bank of Japan tightening.
- Stock-specific moves stood out, with Meesho listing about 46% above its issue price, ICICI Bank agreeing to buy an additional 2% in ICICI Prudential AMC for Rs 2,140 crore, and Moody’s lowering IndiGo’s human capital issuer score.