FII selling back to haunt Dalal Street? What investors need to know
Dalal Street opened in the green on Wednesday, with the Sensex rising over 200 points and the Nifty50 reclaiming 24,740 in early trade. But beneath the surface, volatility remains a key concern as investors digest fresh signs of foreign institutional investor (FII) retreat and growing global uncertainty.Tuesday's steep sell-off, largely attributed to profit booking and FII outflows, has put the market on edge. Analysts have warned that the tide could be turning, especially after FIIs offloaded a massive Rs 10,016 crore in just one session, reversing the bullish trend seen through May.'Spike in uncertainty and risk is impacting the market rather unexpectedly,' said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 'If heavy FII selling continues, it could put further pressure on the market.'Several global triggers are behind this shift. Vijayakumar flagged concerns such as the downgrade of US sovereign credit, a rise in US and Japanese bond yields, a spike in Covid cases, and geopolitical chatter about a possible Israeli strike on Iran.Against this backdrop, analysts say a phase of short-term consolidation is likely.Aditya Gaggar, Director at Progressive Shares, said the sharp correction in mid- and small-cap stocks has helped ease previously stretched technical indicators. 'This was a healthy pullback. The index now finds itself at a key trendline support with signs of a hidden bullish divergence. Today's session will be crucial in determining whether the trend sustains or breaks.'He added that the Nifty is likely to consolidate in the near term, with resistance seen at 24,900 and support at 24,535.Simply put, while Wednesday's early rebound offered some respite, analysts are urging caution. With FII flows turning negative and no major domestic trigger in sight, markets may remain volatile and investors would do well to tread carefully.Tune InMust Watch
advertisement
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
32 minutes ago
- India.com
Mukesh Ambani earned his Bachelor's degree from..., its UG, PG fee structure ranges from Rs...
Mukesh Ambani earned his Bachelor's degree from..., its UG, PG fee structure ranges from Rs... Mukesh Ambani, Chairman and Managing Director, Reliance Industries, announced an unconditional grant of Rs 151 crore to the Institute of Chemical Technology, Mumbai, from where he graduated in the 1970s. Ambani spent over three hours on Friday at the institute (ICT), which back then was called the University Department of Chemical Technology (UDCT). He was there to attend the function to publish Professor MM Sharma's biography titled 'Divine Scientist'. He also reminisced how the first lecture he attended at UDCT by Professor Sharma motivated him and how Prof. Sharma later played a role of quiet architect of India's economic reforms. Prof, reported news agency ANI. RIL Chairman and Managing Director, Mukesh D. Ambani, is a chemical engineer from the Institute of Chemical Technology, Mumbai (erstwhile the University Department of Chemical Technology, University of Mumbai). He is one of the richest individuals in India and Asia. According to the official website of the Institute of Chemical Technology, Mumbai, established on October 1, 1933 as University Department of Chemical Technology (popularly called UDCT) of the University of Bombay (now Mumbai), with the noble intention of advancing India's knowledge reserves in chemical science and technology, the Institute has grown to become a premier (deemed) university devoted to education, training, research and industrial collaboration in chemical engineering, chemical technology, applied chemistry, pharmacy, biotechnology and bio-processing. In November 2017, the National Assessment and Accreditation Council (NAAC) Committee visited ICT and graded with A++ CGPA of 3.77 out of 4. ICT has been ranked amongst the top ten Engineering Institutes of India and 19th amongst the top universities in the country. The university offers different undergraduate, postgraduate, and Phd courses. But do you know its fee structures? The candidates admitted during 2025-26 are required to pay fees as prescribed by the State government (subject to revision by the State Government). The institutional fees to be paid by all the admitted candidates are as follows. These are only indicative figures and are likely to be changed: According to the 2025-26 Handbook of the Institute of Chemical Technology, Mumbai, for postgraduate courses such as M. Chem. Engg., M. Tech., M. Pharm., and M.E. (Plastic Engineering), the fee structure is as follows: Library Deposit (one-time): Rs 5,000 Academic Fees: Rs 62,750 Other Fees (including contingency): Rs 38,250 Total Fees: Rs 1,06,000 Second Year Fees: Rs. 1,01,000/- *Note: Contingency amount for Masters students admitted under various fellowships will be as per the norms of respective sponsoring funding agencies. Fee Structure for Ph.D. Programmes at ICT for the Academic Year 2025–26: Library Deposit (one-time): Rs 5,000 Academic Fees (1st Year): Rs 51,250 Other Fees (including contingency): Rs 45,000 Total (1st Year): Rs 1,01,250 From the second year onwards, the annual fee is Rs 96,250.
Hans India
41 minutes ago
- Hans India
JK Cement buys stake in J&K-based Saifco
JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group firm as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a step towards regional economic empowerment, according to a joint statement. As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco. 'The investment of Rs 149.81 crore would be paid to the existing promoters of Saifco and also to Saifco for acquisition of 60 per cent equity capital of Saifco,' it said. Following this, Saifco Cements has become a subsidiary of JK Cement with immediate effect. Moreover, the 'board of the Saifco shall be re-constituted and three persons nominated by the company will be appointed as additional directors on the board of Saifco and two directors will continue to represent the existing promoter and promoter group of Saifco,' it said. Incorporated in 1997, Saifco has an integrated plant in Khonmoh (Srinagar) and is manufacturing OPC with a clinker capacity of 0.26 MnTPA and a grinding capacity of 0.42 MnTPA. Its turnover for 2024-25 was at Rs 73.17 crore. JK Cement Managing Director Raghavpat Singhania said, 'We are pleased to welcome the Saifco Cements family into the JK Cement family. The Jammu & Kashmir market has untapped potential for local manufacturing, and with our combined expertise, we aim to transform the region and ensure benefits for the communities.'
Hans India
41 minutes ago
- Hans India
Kadamba Single-malt wins award in US
The modern whisky boom has demonstrated time and again that world class examples of the liquid can hail from all corners of the globe. If you want exceptional single malt, for example, you no longer need to rely on Scotland. Notable offerings now flow out from every corner of the world including Goa, India. Kadamba Indian single-malt has recently bagged 'Gold' at 2025 ASCOT Awards—a yearly competition in America. 'We're ecstatic to receive Gold award from an organization as highly regarded as the ASCOT Awards,' says Dr Mohan Krishna Balivada, founder of Cheers group and world's first alco-bev marketing doctorate. ASCOT (American Spirits Council of Tasters) Award judges are trained, experienced, long-time spirits professionals. Entries are blind-tested and graded based on a series of criteria relating to appearance, aroma, taste, and finish. By receiving the 'Gold' winner distinction from the judges, Kadamba Single-malt whisky has advanced towards globally recognized whisky, once again. 'This recognition inspires our team to continue creating innovative Single-malt whiskies that top the exceptional spirits globally. We believe that creating world-class single-malt whiskies are as much an art as a science,' says Ashwin Balivada CEO of Cheers group who mastered Business Management from Cambridge University UK. Valued at Rs 850 crore, Cheers Group has won over 250 national and international awards for its luxury spirits portfolio, including the acclaimed Kadamba Single Malt series and Scotch offerings - such as Labrodog 12-Year-Old and Labrodog Decade Scotch whisky. The ASCOT Awards honors distillers and marketers globally whose work is truly exceptional and deserving of industry recognition. The awards are divided into Marketing + Design and Taste Competitions. Kadamba Indian single-malt whisky was hugely praised by the judging panel at the ASCOT Awards 2025, many of the judges chose this as their favorite.
