The worst July for sensex in 17 years by the withdrawal of FPI
MUMBAI: While BSE sensex and the NSE Nifty slowed the slide this week, recorded their worst July performance in 17 years. The fall was triggered by dumping of stocks by foreign portfolio investors (FPIs), who have sold Rs 12,419 crore of equities in July 2019 - making the month the worst performing one this year.
The sensex opened on Wednesday at 37,258 and closed at 37,481 points - up 84 points, or 0.2%.
While the key indices fell around 5%, the shares of the smaller companies were beaten with the medium-capitalized Nifty of almost 10% and the small capitalizations more than 10%.