Japan emerged as the highest investor during the first quarter of this fiscal year with USD 5.71 billion FDI, followed by Singapore, Mauritius, the Netherlands, the US, and the UAE.

Japan emerged as the highest investor during the first quarter of this fiscal year with USD 5.71 billion FDI, followed by Singapore, Mauritius, the Netherlands, the US, and the UAE.

Among sectors, gains were seen in Nifty Realty, Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty FMCG, while Nifty IT, Nifty Pharma dn Nifty Oil & Gas reeled under selling pressure.

This divergence tells us FPIs are not exiting India; they are becoming selective. The selling in the secondary market is a global story, not an India story, Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth told NDTV Profit in an exclusive email interview.

The Nifty 50 fell to its lowest level in 117 sessions and traded at levels last seen on April 7. The Sensex reached its lowest level in 73 sessions, falling to levels last seen on June 11.

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Nifty Metal rose 2.22%, while Nifty Realty, Nifty Private Bank and Nifty PSU Bank gained between 1.14% and 1.52%. Nifty IT fell 0.97%, while Nifty Media declined 0.47%.

Broader markets also ended lower, with the Nifty Small Cap 100 index settling 0.21% lower and the Nifty Mid Cap index closing 0.09% lower.

Broaders markets, too, were buzzing in trade. Nifty Small Cap 100 index was trading over 1% higher, hile Nifty Mid Cap 100 was trading 0.5% higher.

He pointed to India's strong capital market and mutual fund industry, along with its "huge amount of human talent", as structural positives.

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Among sectors, Nifty IT and Nifty FMCG were trading in the green, while Nifty Metals, Nifty Realty, Nifty PSU Bank and Nifty Auto led the losses.

On HDFC Bank, Agrawal described the bank as a "terrific franchise" and said the private banking franchise had been hurt by the uncertainty surrounding leadership transitions.