FPIs Offload Rs 1.19 Lakh Crore In 23 Consecutive Sessions

Overseas investors remained net sellers of Indian equities for the 23rd consecutive session on Wednesday and offloaded stocks worth a total of Rs 1.19 lakh crore during the period, while domestic institutional investors stayed net buyers for the 27th straight session.

Foreign portfolio investors offloaded stocks with an approximate value of Rs 4,613.6 crore, according to provisional data from the National Stock Exchange. The DIIs bought stocks worth Rs 4,518.3 crore.

In the last five sessions, the FPIs have sold equities valued at Rs 16,489.6 crore, while the DIIs have purchased shares worth Rs 14,429 crore.

In October, including Wednesday's, the FPIs offloaded stocks with a value of Rs 1.08 lakh crore, while the DIIs mopped up stocks worth Rs 1.03 lakh crore. In September, the FPIs had bought stocks valued at Rs 15,423 crore, while the DIIs purchased stocks worth Rs 31,860 crore.

Foreign institutions have been net buyers of Rs 8,791 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.

In 2024, the highest inflows were seen in commercial and professional services, telecommunication, and consumer services, according to Emkay Global Financial Services Ltd.'s fortnightly sector-wise foreign flow report. The financial services sector witnessed the largest outflow in the year, followed by the energy sector.