Foreign institutional investors (FIIs) continue their selling streak on D-Street as Indian markets extended losses for the second straight session on August 18, amid volatility on global and domestic headwinds. Domestic benchmark equity indices settled lower for the second straight session on the backdrop of unfavourable global cues and additional foreign fund outflows. The domestic institutional investors (DIIs) were net buyers and invested ₹2,406 crore during Friday’s session.
As per the NSE data, FIIs cumulatively bought ₹12,302.17 crore of Indian equities, while they sold ₹12,569.17 crore — resulting in an outflow of ₹266.98 crore. Meanwhile, DIIs infused ₹6,501 crore and offloaded ₹6,161.82 crore, registering an inflow of ₹339.18 crore.
Global markets largely extended their losses as concerns over higher interest rates and slowing China’s economy weighed on investors. Higher US bond yields and default risk in China are poised to prompt FIIs to adopt a more prudent stance when considering investments in emerging markets, said analysts.
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Updated: 18 Aug 2023, 06:33 PM IST