Back to square one! FIIs sell Indian equities worth over Rs 11,000 crore after 3 days of buying

Foreign investors resumed selling Indian equities on Thursday, offloading Rs 11,756 crore. This reversed their recent three-day buying spree. The market fell sharply, with the Sensex down 1,190 points and the Nifty down 360 points. The selling was primarily driven by fears of a slower US Fed rate cut and weakness in IT and bank stocks.