FIIs Extend Brutal Selloff: Indian Markets Slide, Rupee Hits New Low

• Foreign Institutional Investors (FIIs) were net sellers of ₹4,113.38 crore on January 23, deepening the market's weekly slide.
• For the week, FIIs recorded total net sales of ₹10,639 crore, extending their selling streak, with year-to-date outflows reaching ₹33,143 crore.
• Domestic Institutional Investors (DIIs) largely cushioned the blow with net purchases of ₹4,102.56 crore on January 23.
• Equity benchmarks Sensex and Nifty closed nearly 1% lower on Friday, with Sensex tumbling 769.67 points and Nifty diving 241.25 points.
• The market capitalization of BSE-listed firms plunged by ₹6,95,963.98 crore on Friday and ₹16,28,561.85 crore this week.

Why It Matters: Persistent FII outflows, a weakening rupee, and a flight to safety led to a significant market slide.