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Indian stocks decline for second straight day over sell-off by foreign investors
1 views | Jan 11, 2023, 06:31:28 PM | ANI
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Indian stock indices have extended losses for the second straight session, largely due to continued selling by foreign investors on concerns over higher stock valuations. At 09: 49 IST, Sensex traded at 60,046.81 points, down 68.67 points or 0.11 per cent, whereas Nifty traded at 17,896.95 points, down 17.20 points or 0.096 per cent. On Tuesday, the indices gave up their accumulated gains from the previous session and traded in the red throughout the session. So far in 2023, foreign investors have pulled out stocks worth Rs 8,491 crore from their India investment, the latest data from National Securities Depository Limited showed. In 2022, foreign portfolio investors overall sold Rs 121,439 crore worth of stocks in India on a cumulative basis, data showed.
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