'Nifty index declined for 2 straight months, 2nd steepest MoM in 2-yrs'
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/705fd365776cf474db8558825acb388d.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
February became the second consecutive month to witness a decline in Nifty index and the second steepest month-on-month fall in the past 23 months, brokerage house Motilal Oswal Financial Services said in a report.
The Nifty ended 3.1 lower month-on-month in February at 16,794 points, it said.
"The global and local markets were jolted by Russian President Mr. Vladimir Putin's decision to launch a special military operation for demilitarisation of Ukraine," it said in the report.
Outflows by foreign institutional buyers have been sharp in the past two months, however, the same was matched by sharper inflows by domestic institutional investors.
In February, DIIs recorded the highest inflows since March 2020 at $5.6 billion, whereas FIIs pulled $5 billion from the market, it added.
"The Russia-Ukraine conflict has resulted in a global risk-off, with equity markets undergoing intermittent bouts of correction and elevated volatility. The uncertainty over the duration and magnitude of the extant conflict could keep the market jittery and dependent on news flow."
In the sectoral space, the PSU banks declined 11 per cent, media fell 10 per cent, real estate 9 per cent, telecom 8 per cent and automobiles 8 per cent.
Whereas, metals was the only sector to close in the green, rising 8 per cent, the brokerage said.
![](https://portfolio.investmentguruindia.com/uploads/news/Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Co. Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mining Sector_438.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IPO 6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/yes bank_78.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Couple_Tourism.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shiping_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate 25.01.2024.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amara Raja Batteries Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Signature 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amara Raja Batteries Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c0fb8ffc43af2263fa135139e436b4dd.jpg)
Buy Dalmia Bharat Ltd For Target Rs.2,400 - Motilal Oswal Financial Services Ltd
![Railway stocks gain on deal to connect Middle East via railways](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6ea575f89ac7bbdb82472b262d563743.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
![Buy Titan Company Ltd For Target Rs.3,570 - Motilal Oswal Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/d408628bc0c8ae5c7eac8857042edded.jpg)