On October 3, the Sensex plunged over 1,800 points, and the Nifty dropped more than 550 points, marking a 4% drop from record highs. The major indices fell for the fourth consecutive day, with over 45 Nifty stocks closing in the red. Midcap and smallcap indices slipped up to 2%, and the market experienced its biggest intraday fall since August 5. The India VIX spiked over 12%, reflecting increased market volatility.
The market witnessed heavy selling pressure from Foreign Institutional Investors (FIIs), who sold shares worth ₹15,243 crore. On the other hand, Domestic Institutional Investors (DIIs) bought ₹12,913 crore worth of shares. The net result was a sell-off amounting to ₹2,330 crore.
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