Sensex and Nifty Volatile Amid FII Selling and Healthcare Drag
· Business · LiveMint, Economic Times
The Indian stock market turned lower on Wednesday as selling pressure resumed following a brief recovery, with the Sensex falling over 100 points and the Nifty slipping below the 22,650 mark. Both benchmarks had opened higher on September 30 after witnessing a sell-off in the previous two sessions, but the gains failed to sustain. Sectoral weakness was pronounced in healthcare and pharmaceutical stocks, which came under heavy selling pressure and weighed on market sentiment. Foreign Institutional Investors remained net sellers, offloading shares worth ₹9,980.22 crore on Tuesday, exchange data showed. Market experts advise investors to focus on domestic-facing themes and resilient sectors like capital goods, hospitals, hotels, and FMCG to navigate the current volatility.
Why it matters
Retail investors facing heightened volatility in benchmark indices need to adjust their portfolio allocations toward domestic-facing sectors to protect against foreign institutional outflows and global uncertainties.
Read the original report — LiveMint
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