New Delhi, Feb. 20 -- Breakout stocks to buy or sell: Following weak global cues amid escalating US-Iran tensions, the Indian stock market witnessed a sharp sell-off on Thursday. The sell-off was across segments as all indices ended in the red zone and BSE-listed stocks wiped out at Rs.7 lakh crore market capitalisation.
Institutional activity reflected a cautious undertone, with both DIIs and FIIs turning net sellers in the cash market, offloading Rs.1,082.15 crore and Rs.459.90 crore, respectively. The selling pressure signals a degree of risk aversion at current levels. In the derivatives segment, FII positioning remains net bearish, reinforcing a negative bias and indicating subdued investor confidence heading into today's session.
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