Punjab Newsline | New Delhi
Indian benchmark indices opened sharply lower on Thursday, weighed down by rising crude oil prices, weak global trends and persistent foreign fund outflows.
The BSE Sensex dropped 959.22 points (-1.23%) to 76,537.14 in early trade, while the NSE Nifty declined 285.66 points (-1.18%) to 23,892.00.
According to exchange data, foreign institutional investors (FIIs) pulled out equities worth ₹2,468.42 crore on Wednesday. Experts noted that foreign portfolio investors (FPIs) have been consistently selling Indian equities and debt instruments, with bond yields reaching nearly 7% on Wednesday, while continuing to accumulate US dollars.
Meanwhile, the Indian rupee weakened further against the US dollar, hitting an all-time low of 95.07. Market volatility also spiked, with the India VIX rising by 4.90 points to 18.29 during the session.
