FIIs sell Indian stocks worth $7,607.25 billion, while DIIs invest $6,737.67 billion

 FIIs sell Indian stocks worth $7,607.25 billion, while DIIs invest $6,737.67 billion

On Monday, Indian stock markets ended lower due to negative global market trends and an increase in crude oil prices brought on by Middle East unrest.

An unstable global climate brought on by the ongoing Israel-Palestine conflict and sustained FII selling depressed investor morale.

According to NSE statistics, foreign institutional investors (FIIs) sold shares of Indian businesses worth $7,607.25 crore and acquired shares worth $7,013.59 crore on Monday, for a net outflow of $593.66 crore.

According to exchange statistics, domestic institutional investors (DIIs) purchased shares worth 6,737.67 crore and sold shares worth 5,553.43 crore, resulting in an inflow of 1,184.24 crore.

To finish at 66,166.93, the 30-share BSE Sensex dropped 115.81 points, or 0.17%. It decreased 243.36 points, or 0.36%, over the day to reach 66,039.38.

At 19,731.75, the NSE Nifty dropped 19.30 points, or 0.10%.

Among the top losers in the Sensex pack were Hindustan Unilever, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, and UltraTech Cement.

Among the winners were Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid, and Mahindra & Mahindra.

The BSE smallcap gauge increased by 0.34%, and the midcap index increased by 0.25%, in the larger market.

Telecommunications declined by 0.74%, real estate by 0.39, tech by 0.32, FMCG by 0.28, services by 0.17, bankex by 0.11, and IT by 0.10 among the sectoral indices.

An increase in the price of crude oil and the weakness of other Asian currencies pushed the Indian rupee to its all-time low on Monday.

The local currency's opening rate on the interbank foreign exchange market was 83.25 against the US dollar, and it fluctuated in the day trade between 83.24 and 83.28.

The rupee's value against the US dollar was nearly unchanged from its previous finish of 83.2625, closing at 83.2775.

The RBI said on Friday that India's foreign exchange reserves decreased by another $2.166 billion for the week ending October 6 to reach $584.742 billion.