FPIs Dump ₹31,800 Cr in Financial Stocks Amid March Selloff
Foreign portfolio investors offloaded financial services stocks worth ₹31,831 crore in early March, reversing February gains as overall outflows exceed ₹52,700 crore.
Foreign portfolio investors offloaded financial services stocks worth ₹31,831 crore in early March, reversing February gains as overall outflows exceed ₹52,700 crore.
Indian equity benchmarks Sensex and Nifty declined over 2% as banking stocks weakened and West Asia tensions pushed oil prices higher.
Nifty 50 and Sensex decline as HDFC Bank shares plunge 8.66% following chairman’s resignation. Analyst recommends selective stock picks.
Central Mine Planning IPO to launch March 20 with 10.71 crore shares offered. Price band set at ₹163-₹172 per share in this OFS issue.
HDFC Bank’s interim chairman Atanu Chakraborty resigned citing ethical differences, triggering a selloff in the lender’s stock on NSE and BSE.
HDFC Bank shares dropped 4% following the chairman’s resignation, but market experts view the dip as a buying opportunity despite operational concerns.
Central Mine Planning & Design Institute’s IPO opens March 20-24 with ₹1,842.12 crore book-built issue. Grey market premium weakens ahead of subscription.
New HDFC Bank chief Keki Mistry affirms commitment to ethics after predecessor Atanu Chakraborty steps down citing ethical concerns.
Bihar Board has started verification of top scorers. Results for 10th and 12th grade exams expected soon. Check step-by-step guide to access scores.
The Indian rupee breached the 92-per-dollar mark in March, prompting the RBI to intensify defensive measures.
Amir Chand IPO, a ₹440 crore fresh issue, opens for subscription on March 24. Check price band and subscription details.
Middle East tensions surge as Iran targets energy facilities. Indian investors watch crude oil, rupee movements amid 20-day conflict.