For the second straight session, Indian stock indices have continued to decline, partly as a result of ongoing selling by foreign investors who are concerned about rising market values.
Sensex was down 68.67 points or 0.11 percent at 60,046.81 points at 09:49 IST, while Nifty was down 17.20 points or 0.96 percent at 17,896.95 points. The indices lost all of their prior session’s gains on Tuesday, trading in the negative territory the entire time.
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According to the most recent information available from National Securities Depository Limited, foreign investors have sold equities worth Rs 8,491 crore so far in 2023 from their investments in India.
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According to data, on a cumulative basis, foreign portfolio investors sold Indian stocks worth a total of Rs 121,439 crore in 2022.
Prior to the release of the December consumer price inflation statistics on Thursday, the US stock indexes closed higher on Tuesday, reversing earlier losses to extend the run since the start of the year.
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