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Foreign institutional investors (FIIs) continued investing in the Indian market till yesterday (Thursday), while retail investors remain a little cautious.
Mumbai: After the India-Pakistan struggle increased, the assets of investors decreased by Rs 7 lakh crore in two days due to the upheaval in the stock markets. India rapidly thwarted Pakistan’s latest attempts to attack military sites including Jammu and Pathankot on Thursday night. Continuing the fall of the previous day, on Friday, the 30 -share BSE benchmark index Sensex fell 880.34 points or 1.10 per cent to close at 79,454.47. The NSE Nifty fell 265.80 points or 1.10 per cent to 24,008. In two days, the BSE benchmark has lost 1,292.31 points or 1.60 percent. Investors should stay away from stock markets due to Indo-Pak struggle.
Also read: Pakistan is targeted by religious places, spread lies on Nankana Sahib: Foreign Secretary
Damage to Power Grid, UltraTech Cement, Bajaj Finance, HDFC Bank
The Sensex companies were lagging behind ICICI Bank, Power Grid, UltraTech Cement, Bajaj Finance, HDFC Bank, Reliance Industries, Bajaj Finserv, Adani Ports, ITC and Mahindra & Mahindra. Titan Company, Tata Motors, Larsen and Toubro and State Bank of India benefited. The BSE Smallcap index declined by 0.30 percent, while the midcap index declined by 0.10 percent. Realty in regional indices 2.08 percent, utilities (1.50 percent), financial services (1.40 percent), electricity (1.11 percent), power (1.11 percent), banks (1.04 percent), FMCG (0.65 percent) and services (0.65 percent) and services (0.63 percent).
In view of the situation, retail investors were cautious
Capital goods increased to 1.67 percent, industrial (1.10 percent), consumer durable items (1.29 percent) and metal (0.17 percent). There was a possibility of conflict, but the market was not expected to be more serious in the situation, which increased the concern about its duration. However, given the strategic profit and the weak economic situation of the opponent, it is still considered a short -term conflict. Interestingly, foreign institutional investors (FIIs) continued investing in the Indian market till tomorrow (Thursday), while retail investors remain a little cautious.
