Share Market Crash Effect: The Indian stock market was badly shaken last Friday. The Sensex index fell 1414 points to 73198 level while the Nifty Index closed 420 points to close at 22124. Foreign institutional investors (FIIs) have played a major role in yesterday's huge decline.
Record break selling on Friday
According to the data, last Friday, FII has sold a total of Rs 11639 crore. This Friday's selling is the largest selling by FII in February. In the month of February, FII has sold a total of Rs 34574 crore.
FII purchased only 2 days in the month of February
There were a total of 20 business days in February. Out of which only foreign institutional investors have purchased in only 2 business sessions. In which FII has purchased shares worth Rs 4787 crore on February 18 and Rs 809 crore on 4 February. Apart from this, FIIs have only sold in all the remaining 18 business sessions.
Domestic investors' support continues
Talking about domestic institutional investors, they have bought equity shares of Rs 12308.63 crore in the month of February. This purchase of domestic investors has not been enough to prevent the decline in the Indian stock market.
Large selling in IT and auto sector
On Friday, India's IT and auto sector saw the best selling. According to the data, on Friday, the Nifty IT index declined by 4.2 per cent. At the same time, the Nifty Auto index has fallen by 3.9 per cent. Overall, on Friday, about 16 sector index closed in red mark.
2416 shares closed in red mark
Last Friday, out of 2972 shares of NSE, about 2416 companies closed in red mark. There were about 789 shares that touched their 52 -week low. At the same time, there were 489 shares that closed in the green mark.
The worst February proved to be the worst in the last 4 years
In the month of February 2020, when the Korona epidemic was at its peak across the country, the Nifty Index declined by 6.4 per cent, after which the Nifty index has seen a 6 per cent decline in this year (2024). In February 2021, the Nifty Index gave a return of 6.6 per cent, declined by 3.2 per cent in February 2022 and 2 per cent declined in February 2023. While in February 2024, the Nifty Index gave 1.2 per cent returns.