Indian shares seen opening lower amid sustained foreign selling
![](https://portfolio.investmentguruindia.com/uploads/news/b8ecd27fe7dff6f8730721c76b06a292.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
Indian shares are set to open lower on Tuesday, with higher-for-longer global interest rate expectations driving continuous foreign outflows from the domestic market amid subdued global sentiment.
India's GIFT Nifty was down 0.4% at 19,655 points at 7:53 a.m. IST on the NSE International Exchange.
On Monday, the Nifty 50 and the S&P BSE Sensex closed mostly unchanged at 19,674.55 points, and 65,958 points, respectively. The benchmarks have fallen nearly 3% after hitting all-time highs in mid-September.
The U.S. Federal Reserve's hawkish tone last week drove a message to markets that the interest rates will stay elevated for longer into next year. Higher interest rates dry up liquidity from the markets, increasing the cost of capital.
Foreign investors have been net sellers so far this month, offloading shares worth $1.36 billion, as of Sept. 22 after pouring in over $15 billion into Indian equities this year.
On Monday, foreign institutional investors sold 23.33 billion rupees worth of shares, while domestic investors bought 15.79 billion rupees worth of shares, as per provisional exchange data.
STOCKS TO WATCH:
** State Bank Of India: Reserve Bank Of India imposed a monetary penalty of 13 million rupees on the bank
** Strides Pharma Science: Strides Pharma approves demerger of CDMO business into Stelis Biopharma
** D B Realty: D B Realty entered share purchase agreements to acquire shares of Bamboo Hotel Global Centre (Delhi), Goan Hotels & Realty, BD and P Hotels
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Sensex ends lower ahead of Union Budget 2024-25
![Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchanged, reflecting caution ahead of the Union Budget Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)