Sensex and Nifty were down for the third straight session on June 3 because investors were discouraged by weak global markets and growing political tensions. Nifty 50 fell beneath the key 24,600 point and the Sensex declined more than 650 points, as sellers took over the market. Spotting early signals, Gift Nifty futures started higher today, trading at 24,724 and grew by 0.2 percent, suggesting Indian markets might rebound. Market Snapshot: June 3 Both the Sensex and Nifty faced a sharp decline on Monday because of weak international trends and cautious investors. Foreign institutional investors (FIIs) sold a huge amount of shares, totaling ₹2,854 crore. At the same time, domestic institutional investors (DIIs) bought shares worth ₹5,908 crore which helped the market through its dips. So far this year, FIIs have sold shares worth ₹1.27 lakh crore, while DIIs have bought shares worth ₹2.86 lakh crore, showing that global and domestic players are not participating in the same way. Key ...
Sensex and Nifty were down for the third straight session on June 3 because investors were discouraged by weak global markets and growing political tensions. Nifty 50 fell beneath the key 24,600 point and the Sensex declined more than 650 points, as sellers took over the market. Spotting early signals, Gift Nifty futures started higher today, trading at 24,724 and grew by 0.2 percent, suggesting Indian markets might rebound. Market Snapshot: June 3 Both the Sensex and Nifty faced a sharp decline on Monday because of weak international trends and cautious investors. Foreign institutional investors (FIIs) sold a huge amount of shares, totaling ₹2,854 crore. At the same time, domestic institutional investors (DIIs) bought shares worth ₹5,908 crore which helped the market through its dips. So far this year, FIIs have sold shares worth ₹1.27 lakh crore, while DIIs have bought shares worth ₹2.86 lakh crore, showing that global and domestic players are not participating in the same way. Key ...