FPIs Record Highest Single-Day Equity Buying In 2024

Foreign portfolio investors recorded their highest-ever single-day buying of Indian shares so far in 2024 on Wednesday, even as the markets rose to new highs. The investors bought stocks worth Rs 7,908.36 crore, according to provisional data from the National Stock Exchange, surpassing the previous high of Rs 7,304.11 crore on March 7, 2024.

Domestic investors also stayed net buyers for the third consecutive day on Wednesday and mopped up equities worth Rs 7,107.80 crore, the NSE data showed.

Foreign institutions have been net sellers of Rs 21,617 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.

The NSE Nifty 50 settled 41.90 points lower at 23,516, while the S&P BSE Sensex ended 36.45 points higher at 77,337.59, marking the highest closing level since its inception. During the day, the Nifty rose as much as 0.45% to a record high of 23,664 and the Sensex rose 0.71% to a fresh high of 77,851.63.