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FIIs Dump ₹5,027 Crore in Shares as Nifty Hits Five-Month Low Amid Market Plunge
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CNBC TV18•24-09-2026, 19:55
FIIs Dump ₹5,027 Crore in Shares as Nifty Hits Five-Month Low Amid Market Plunge
- •Foreign institutional investors (FIIs) offloaded ₹5,027.36 crore worth of shares on Thursday, reversing previous day's net buying.
- •Domestic institutional investors (DIIs) provided buying support, purchasing ₹4,301.18 crore in equities.
- •The Nifty closed at its lowest level in five months, slipping below 23,100, with 48 of 50 Nifty stocks ending in the red.
- •Weak global cues and IRDAI's proposals for the insurance sector contributed to the market decline.
- •Financial and insurance stocks lost ₹1.25 lakh crore in market capitalization, with PB Fintech declining 35%.
Key Questions Answered
Foreign institutional investors offloaded shares worth ₹5,027.36 crore on a provisional basis on Thursday as the market witnessed an across-the-board decline.
Weak global cues and the Insurance Regulatory and Development Authority of India's proposals for the insurance sector weighed heavily on market sentiment, triggering sharp declines across financial and insurance stocks.
Domestic institutional investors provided crucial buying support, remaining net buyers of ₹4,301.18 crore in equities on a provisional basis.
