Foreign Funds’ Flight: Profit booking hammers equities, auto stocks slide (Roundup)

Mumbai, Jan 29 : Flight of foreign funds, along with global cues and profit booking, hammered the equities market on Friday.
Besides, nervousness over the upcoming Budget FY21 led to the sharp correction.
FIIs on Friday were net sellers to the tune of Rs 5,930.66 crore in BSE, NSE and MSEI in the capital market segment.
The FIIs have net sold over Rs 12,730.66 crore from the equity markets in the last five sessions, the longest exit spree since March and September.
Globally, European and Asian stocks ended lower on Friday as concerns rose on the slow rollout of Covid-19 vaccines and retail trading frenzy gripped Wall Street.
On the domestic front, Nifty witnessed a volatile session with stock specific moves as the overall mood of the market remained subdued.