FIIs step up India stock selling to ₹3,209 crore despite market gains

Foreign investors increased their selling from Wednesday, while domestic institutions bought ₹3,618 crore as the Nifty extended its gains for a second session.

Foreign investors increased their selling from Wednesday, while domestic institutions bought ₹3,618 crore as the Nifty extended its gains for a second session.

The rupee, which slipped below the 96 level in intraday trade, ended Thursday’s session with a loss of just 3 paise at 95.94 (provisional) against the US dollar, paring initial losses on likely RBI intervention.

Shares of Hindustan Construction Company Ltd ended at ₹21.55, up by ₹0.51, or 2.42%, on the BSE.

Shares of Bharat Electronics Ltd ended at ₹395.60, up by ₹9.20, or 2.38%, on the BSE.

Dow futures rose around 300 points, while S&P 500 and Nasdaq-100 futures gained as investors assessed the Fed’s rate decision and lower oil prices.

Midcap stocks outperformed the benchmark indices, keeping the market breadth in favour of advances. The National Stock Exchange’s (NSE) advance-decline ratio stood at 2:1. As many as 35 Nifty stocks closed in the green, with insurance names among the top…

Shares of Prestige Estates Projects Limited ended at ₹1,443.00, up by ₹15.15, or 1.06%, on the BSE.

the project is spread across 4.68 acres and has an estimated developable potential of approximately 1.05 million square feet. It marks Puravankara’s eighth redevelopment project in Mumbai, further expanding its presence in the city’s redevelopment market.

Indian markets are facing pressure from elevated crude prices, US bond yields and weak FPI participation, according to Nuvama Institutional Equities’ Shiv Diwan. He expects valuations and steady earnings growth to provide some support, while highlighting industrial automation, railways, defence…

NLC India Renewables will hold 74% of the new venture, with PTC India owning the remaining 26% as the companies look for opportunities in the green energy sector.