The Nifty slipped 257 points to 22,889, failing to maintain its earlier rally. This came after FIIs net sold ₹1,148.64 crore and DIIs net bought ₹3,201.19 crore.
FIIs bought ₹11,240.64 crore and sold ₹12,389.28 crore, a net outflow of ₹1,148.64 crore, down from a net inflow of ₹1,165.92 crore on Friday.
DIIs bought ₹14,781.31 crore and sold ₹11,580.12 crore, netting ₹3,201.19 crore, a reversal of the ₹3,661.28 crore net outflow recorded on Friday.
The Sensex fell 876 points to 73,853, while Nifty Bank slid 356 points to 55,488. The PSU Bank index gained 2%, and the private bank index dipped 1%. Federal Bank rallied 8% after acquisition comments; Union Bank rose 6%; Punjab National Bank gained 5% post Q2FY27 earnings. Hospital stocks fell, Max Healthcare down 2%, and the market breadth ratio stood at 1:4.
With the market closing below the 22,900 mark, traders will focus on overnight fund flows and upcoming earnings from private banks. The RBI’s stance on liquidity remains a key variable for the next trading day, while DIIs may adjust positions as market volatility persists.