FII selling spooks markets financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
A long build-up was seen in 60 stocks, which included Tata Chemicals, Gujarat Gas, Mahanagar Gas, ICICI Lombard General Insurance Company, and Metropolis Healthcare.
Zee shares plunged 14.7% on Wednesday on news reports that the Securities and Exchange Board of India (Sebi) may have found inconsistencies worth $241 million in the accounts of the company. The stock closed at ₹164.5.
While frontline indices closed in the red, broader markets showed resilience. Nifty Midcap 100 gained 0.56 percent in the day and Nifty Smallcap 100 closed 0.21 percent higher.