Markets in Red: Is FIIs' India Love Cooling Off?

The markets continued their downward slide today, with Nifty and Sensex both down -0.6%. Selling was broad-based—Midcaps fell -0.7%, Smallcaps -0.8%, and 370 stocks in the NSE 500 ended in the red. Except for Metals (+0.4%), all sectors were under pressure. Banks (-1%), FMCG (-0.6%), and Energy (-0.6%) were the top losers. So what’s spooking the Street? FIIs (foreign institutional investors) have turned cautious on India, offloading over ₹13,000 crore this month alone. Higher US bond yields, global risk-off mood, and rich valuations back home are likely causes. Key Movers: Wipro rose +2% after posting a better-than-expected Q1, aided by margin expansion and deal wins. Axis Bank tanked -5% after higher-than-expected provisioning dented profit. Sterling & Wilson, Waaree, and Premier Energies dropped after US lobby groups sought higher tariffs on Indian solar cell imports. Saregama gained +5% after acquiring NAV Records’ Punjabi-Haryanvi music catalog. Polycab

was in focus as UBS raised its target price to ₹8,100. Tatva Chintan jumped +7% as ace investor Mukul Agrawal bought a 1.28% stake. Clean Science fell -9% after it hinted at weaker FY26 earnings. Atul Ltd fell -5% on weak operating performance. Market at Close: Nifty: 24,968 (-0.6%) Sensex: 81,758 (-0.6%) Bank Nifty: 56,283 (-1.0%) Learning Insight: Markets react not just to company results but also to global cues, fund flows, and sector-level disruptions. Keeping an eye on macro shifts is just as important as tracking earnings. Stock to Track: Polycab India – Strong fundamentals, bullish brokerage outlook, and sector tailwinds.