FIIs bought equities worth ₹9,581.19 crore and sold shares worth ₹9,301.06 crore, resulting in net buying of ₹280.13 crore. This marked a sharp turnaround from Friday, when FIIs were net sellers to the tune of ₹3,111.94 crore.
DIIs, meanwhile, bought equities worth ₹13,154.13 crore and sold shares worth ₹12,587.37 crore, resulting in net buying of ₹566.76 crore. However, their purchases were significantly lower than Friday’s ₹8,930.12 crore net buying.
Indian markets end sharply lower
Indian benchmark indices ended sharply lower on Monday, with the Nifty slipping below the key 23,800 level and closing at its lowest level in nearly two months amid heightened geopolitical tensions.
The Sensex fell 383 points to 76,133, while the Nifty declined 119 points to 23,779. The Nifty Bank index slipped 281 points to 57,088, while the Nifty Midcap index fell 293 points to 62,786.
Market breadth remained weak, with 37 Nifty stocks ending lower and 17 declining 1% or more. The advance-decline ratio stood at 2:3, favouring declines.
IT stocks were among the biggest drags on the Nifty. Infosys fell 4%, while Tech Mahindra declined 2%. Insurance stocks also remained under pressure ahead of their monthly updates, with ICICI Prudential Life Insurance falling 4%.
Cable and wire stocks extended Friday’s losses, with KEI Industries down 3%. Gold financiers also slipped amid weakness in precious metal prices, with Manappuram Finance falling 4%.
In the midcap segment, Zydus Lifesciences, Bosch, Supreme Industries, Nippon Life India Asset Management and Piramal Pharma were among the top gainers. Media stocks faced heavy selling pressure, with PVR INOX and Zee Entertainment Enterprises falling 6% each.
Avalon Technologies surged 9% following a positive brokerage note after its joint venture announcement. In the smallcap segment, PC Jeweller, Rishabh Instruments, Hikal and CarTrade Tech were among the top gainers.
Also Read: DIIs cushion FII selling with ₹8,930 crore buying on Friday
