BEL Declines Over 3% Even as FIIs Continue Selective Buying

Bharat Electronics saw its stock fall 3.23% on November 24, adding downward pressure on broader indices as investors reacted to sector-specific weakness. Despite the decline, foreign institutional investors remained net buyers, recording purchases worth ₹284 crore according to exchange data. Market analysts suggested that while BEL’s correction influenced sentiment in defence-linked names, overall institutional participation indicates continued confidence in large-cap defensives.