Indian equities tumble, rupee hits record low as FPIs turn risk-averse

Quick Summary:

FPIs were net sellers of Indian equities worth Rs 6,410 crore on Tuesday, marking their heaviest outflows since November 28.

The Sensex fell 1,064 points, or 1.3 per cent, to close at 80,684, while the broader Nifty 50 index dropped 332 points, or 1.35 per cent, to end the session at 24,336.

The Federal Reserve’s upcoming monetary policy decision also kept investors on edge, prompting FPIs to pull funds from Indian equities.

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Category: BusinessFinance

Markets: India

Topics: Stock index Sensex Stock market trading Nifty

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 23:40:38 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 666 words

Reading Time: 4 minutes read

Sentences: 27 lines

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Copyright Owner: © Business Standard

News ID: 24515558

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