![FIIs sell equity worth ₹8,000 cr post budget; here's why](https://images.assettype.com/fortuneindia%2F2022-03%2Fd5041621-a74b-4282-b6c8-bd587942b53d%2FFIIs.jpg?rect=0,48,3000,1500&w=300&q=95)
FIIs sell equity worth ₹8,000 cr post budget; here's why
FIIs sold over ₹8,106.21 crore worth of shares in the last two consecutive days from July 23-24, 2024.
FIIs sold over ₹8,106.21 crore worth of shares in the last two consecutive days from July 23-24, 2024.
SEBI says there has been a surge of over 300% in those participating in intraday trading in the equity cash segment in FY2022-23 compared to FY2018-19
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
The BSE Sensex settled 73 points lower at 80,429 on the Budget day, and the Nifty50 ended at 24,479, down 30 points.
The top gainers on the BSE Sensex pack were Ultratech Cement, M&M, Bajaj Finserv, L&T, and Bajaj Finance.
Brokerages expect the government to avoid decisions, such as hiking LTCG or STT, which could disturb the market mood.
The focus will be on continuation of existing capex agenda in infra, railways, defence, and renewable space, says JM Financial.
Bucking the trend, the BSE midcap and smallcap indices ended higher, rising 1.2%, and 0.8%, respectively.
The Union Budget 2024 presents a chance for the government to provide a clear and consistent policy roadmap, writes Rashesh Shah, chairman of Edelweiss Financial Services.
The addition of new demat accounts jumped to 42 lakh in June 2024 compared to an average monthly addition of 34 lakh so far in FY25.