Bear run: Fund outflows dents equities, banking stocks sink (Roundup)

Mumbai, Jan 27 : Continuous fund outflows, along with pre-budget nervousness and profit booking, heavily dented the Indian stock market on Wednesday.
Besides, weak global cues, mixed quarterly results and upcoming derivatives expiry lead to the bear run in the market.
On Wednesday, FIIs were net sellers to the tune of Rs 1,688.22 crore in BSE, NSE and MSEI in the capital market segment.
In the previous session on Monday the FIIs net sold Rs 765.30 crore.
The two key indices — S&P BSE Sensex and NSENifty50 — both fell around 2 per cent with the barometer index falling close to 1,000 points.
The fall has led the domestic equity market to erase all gains for CY21YTD and turn negative.