The stock market experienced a turbulent day, marked by heavy selling from Foreign Institutional Investors (FIIs) and a stake sale by cricketer Rohit Sharma.
Here's what you need to know about the market's recent moves.
FIIs' Massive Selloff
Foreign Institutional Investors (FIIs) withdrew a staggering Rs 8,313 crore, marking the worst single-day selloff since May 20. This has undoubtedly sent ripples across the market, causing concerns among investors. Domestic Institutional Investors (DIIs) countered this with an investment of Rs 11,488 crore, which softened the blow somewhat.
Sharma's Stake Sale
Rohit Sharma sold a 0.5% stake in Reliable Data Services after a notable 73% surge in the current week. While the exact reasons are unknown, the sale is a significant event. Market watchers are keen on understanding the implications of this move, given Sharma's high profile.
US Market Uncertainty
US futures retreated ahead of key inflation data. This suggests a global impact. Stocks like Nvidia, Caterpillar, and Dell are facing pressure. This situation is certainly causing worry, as the global markets are closely interconnected. This causes jitters in the market.
Mamaearth's Perspective
Mamaearth’s Ghazal Alagh shared her opinion on the work-life balance, stating that it’s a 'myth'. She set out principles for survival in the business world. This could provide valuable insights for those navigating their careers, and the Indian market.
