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FIIs continue selling Indian equities in June
Business
Foreign investors (FIIs) sold ₹1,246 crore worth of Indian shares for the second week in June, while domestic investors (DIIs) kept buying big—adding ₹18,637 crore to their portfolios. This split shows how differently global and local players see the market right now.
How the market fared last week
Rising US interest rates have made FIIs more cautious about India. Meanwhile, DIIs are stepping up and helping steady the market with their steady buying. Geopolitical tensions—especially in the Middle East—are also making investors more risk-averse, which hit banking and finance stocks hard last week as Sensex and Nifty both slipped about 1%.