FPIs Stay Net Sellers For The Third Straight Day
Foreign portfolio investors offloaded stocks worth Rs 6,867.7 crore. This is the highest amount of selling by the FPIs since May 2024.
Overseas investors stayed net sellers of Indian equities on Thursday for the third consecutive session.
Foreign portfolio investors offloaded stocks worth Rs 6,867.7 crore, according to provisional data from the National Stock Exchange. This is the third highest amount of selling by the FPIs since May 2024.
In the last three sessions, FPIs have sold over Rs 24,960.2 crore, whereas domestic investors have mopped up equities worth Rs 4,954.5 crore.
Domestic institutional investors stayed net buyers for the second straight session and bought equities worth Rs 3,718.4 crore, the NSE data showed.
Foreign institutions have been net sellers of Rs 31,388 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.
Benchmark equity indices extended their recovery for a second consecutive session, after the steep fall they witnessed on the counting day.
The Nifty closed 231.40 points higher, or 1.02%, at 22,851.75, and the Sensex ended 692.27 points up, or 0.93%, at 75,074.51.
