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This Article is From Jul 08, 2024

FPIs Stay Net Buyers For The Fourth Straight Day

FPIs Stay Net Buyers For The Fourth Straight Day
Dollar Bills stacked. (Source: Unsplash)

Overseas investors remained net buyers of Indian equities for the fourth consecutive day on Monday. Foreign portfolio investors mopped up stocks worth Rs 61 crore, according to provisional data from the National Stock Exchange.

Domestic institutional investors turned net buyers after three days of selling and mopped up equities worth Rs 2,866.8 crore, the NSE data showed.

Foreign institutions have been net buyers of Rs 14,333 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.

India's benchmark stock indices closed little changed on the first day of the week due to a lack of any major triggers, even as market participants await first-quarter earnings to give direction to the market.

Both the Nifty and Sensex ended little changed at 24,320.55 and 79,960.38, respectively.

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