FIIs sell shares worth ₹1,874 crore amid geopolitical turmoil

Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹1,874.38 crore on Monday, June 23, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) emerged as net buyers, purchasing equities valued at ₹5,591.77 crore.

#FundFlow | FIIs net sell ₹1,874.38 crore while #DIIs net buy ₹5,591.77 crore in equities today (provisional) pic.twitter.com/yISNUsq4RH

Year-to-date, FPIs have withdrawn a net ₹1.2 lakh crore from Indian markets, in contrast to DIIs’ substantial infusion of ₹3.4 lakh crore. In June so far, FPIs have invested ₹9,489 crore, with DIIs providing strong support through net inflows of ₹

54,912 crore.

Stock market benchmark indices, Sensex and Nifty tumbled on Monday, as intensifying tensions in the Middle East after the US bombed three major nuclear sites in Iran unnerved investors.

After losing over 900 points in intra-day trade, the 30-share index recovered some lost ground to close with a loss of 511.38 points, or 0.62%, at 81,896.79.

During the day, it tumbled 931.41 points, or 1.13%, to 81,476.76.

The 50-share NSE Nifty dropped 140.50 points, or 0.56%, to 24,971.90.

The US bombed three major nuclear sites—Fordow, Natanz and Isfahan—in Iran, directly engaging itself in the Israel-Iran conflict.

From the Sensex pack, HCL Tech, Infosys, Larsen & Toubro, Mahindra & Mahindra, Hindustan Unilever, ITC, Tata Consultancy Services and Maruti were the biggest laggards.

In contrast, Trent, Bharat Electronics, Bajaj Finance and Kotak Mahindra Bank were among the gainers.

In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled lower, while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended higher.

European markets were trading lower in mid-session.

US markets ended mostly lower on Friday.

Global oil benchmark Brent crude climbed 0.49% to $77.39 a barrel.

With inputs from PTI

Note To Readers

The earlier version of the article has been updated with correct figures. The error is deeply regretted.