FII Sell-Off Drags Markets Down by Over 1,000 Points; Rupee Gains on RBI Intervention

Unknown Apr 02, 2026 550 Views

On February 11, 2025, the Indian stock market experienced a downward trend, with both the BSE Sensex and NSE Nifty50 closing over 1% lower. The Sensex fell by 1,018.20 points (1.32%) to close at 76,293.60, while the Nifty50 dropped 309.80 points (1.32%) to end at 23,071.80. Broader markets also f...

Investors were concerned about new tariff policies from U.S. President Donald Trump, which triggered a sell-off.

Top Performers from Key Indices:

Gainers: Adani Enterprises, Grasim, Trent, Bharti Airtel, Britannia

Losers: Eicher Motors, Apollo Hospitals, Shriram Finance, Coal India, BEL

FII and DII Trading Activity for February 11, 2025 in Cash market:

FIIs: Net sell of ₹4486.41 crore

DIIs: Net buy of ₹4001.89 crore

The Indian rupee appreciated today primarily due to the Reserve Bank of India's (RBI) aggressive intervention in the forex market.

Key Factors:

- The RBI sold between $4-7 billion in the foreign exchange market

- Prevented the rupee from breaching the 88-per-dollar mark.

- With this RBI aimed to curb one-sided speculation against the currency

Global Market Overview:

US Markets: The US markets closed in green, boosted by a rally in tech and steel stocks.

President Trump signed executive orders imposing a 25% tariff on steel and aluminium imports.

Asian Markets Asian markets traded mixed. Japanese indices traded in green, while Chinese and Hong Kong markets traded in red.

The European Union vowed to respond firmly to the US tariffs and will trigger counter measures.

Global Economy:

Gold prices reached record highs as investors sought safety amid concerns about trade conflicts and inflation following the implementation of tariffs on steel and aluminium imports by the U.S.

Crude Oil: WTI crude oil futures held above $72 per barrel, supported by tighter Russian supply and rising supply risks

Source: Angel One, Upstox, indiatimes

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