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Market move▼ Bearish for Indian equities
Markets head for negative open as FII outflows outweigh oil relief
The brief
- GIFT Nifty futures at 22,570 signalled a negative start; Nifty 50 closed at 22,620.45
- Sebi, RBI join hands to make onboarding easier for FPIs
- Bond yields rise, raising the hurdle for Indian equities
- FII selling worsens; foreign investors pull out Rs 26,000 crore from Indian equities in three days
- FIIs offload nearly ₹25,500 crore in 3 days as market fails to hold recovery
- India benchmark shares log worst month since March as oil, global rate hikes spark outflows