FII i.e. foreign institutional investors have made a big sale on Friday i.e. 20 December 2024. Data released on NSE i.e. National Stock Exchange shows that FIIs have made a big sale of -3,597.82 crore rupees in cash. On the other hand, DII i.e. domestic institutional investors have made purchases worth Rs 1,374.37 crore.

Experts say that the strong US dollar is making investments in emerging markets including India less attractive for FIIs.

Also, the stock market usually witnesses a sell-off at the end of December. At this time FIIs go on holidays and return at the end of January. In the month of December, till Thursday, December 20, all the data is now of sell-off. A total of -4000 crore rupees have been sold. 

 

Why does this decline not stop? Veteran fund manager Sameer Arora says that the Indian market may seem worried about the falling position of the rupee.

He said that India is in a relatively strong position, as the currencies of other emerging and developed markets have fallen a lot. He said, "If you look at any big or small market in the world, it is more than India.

Arora hopes that the Indian market will stabilize by next month. Whatever may be positive in the upcoming budget. As for the sectors, Arora said that he is excited about the shares of new digital companies and IT.