Indian markets have witnessed aggressive selling by Foreign Portfolio Investors (FPIs) in May, with a staggering amount of Rs 17,082 crores as per data by National Securities Depository Limited.
The Nifty-50 Index and Sensex both experienced losses of around 3 percent each over the past week, while the mid-cap index saw a decline of 3.9 percent. The Indian market has been consistently under pressure from selling by investors, leading to significant volatility in the past week.
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The accused identified as Pawan and the owner of the printing unit, Ashwani Kohli, were involved in re-printing fake expiry dates on cosmetic and healthcare products and selling them off to the retailers.
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Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets.
Ajay Bagga, banking and market expert, commented on the market situation, stating, "India Vix has moved up every day for the last 10 days, rising 67 per cent over this period. Markets are very volatile, and sustained FII selling in secondary markets is a negative for the Indian markets. Expe
After a positive start on Tuesday, the Indian stock market encountered selling pressure, leading to both indices slipping into the negative territory by the time the closing bell rang.
After a video of a vada pav seller being 'arrested' by police officials went viral on social media, Delhi police on Saturday responded to the videos, saying that the woman was not arrested, and no case has been registered against her.