RIL and Banks Boost Sensex Despite FPI Sell-Off

On Monday, the Bombay Stock Exchange saw the Sensex surge by 650 points, concluding the day at 83,277 points. This significant rise was primarily driven by robust buying in bank stocks and Reliance Industries.

Impact of Foreign Fund Selling

Despite the encouraging performance of the stock market, there were concerns regarding the sustainability of this rally. Foreign portfolio investors (FPIs) recorded a substantial net selling of approximately Rs 1,000 crore, raising questions about future market stability.

IT Stocks’ Resilience

The information technology sector faced pressure in recent sessions due to uncertainties related to their business models in the evolving landscape shaped by artificial intelligence (AI). However, on Monday, losses in the IT sector were contained, showcasing a degree of resilience.

Effect of RBI Regulations

Several companies closely affiliated with the stock exchange experienced declines in their stock prices. This slump was attributed to recent regulatory changes by the Reserve Bank of India (RBI) that tightened lending protocols for stock-related activities.

• BSE
• MCX
• Angel One
• Groww

These stocks exhibited sharp declines in early trading, although they ultimately closed with mixed results. Market participants are closely monitoring the developments to evaluate how these changes will impact future trading activities.