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FPIs Turn Net Buyers After Three Days

Foreign portfolio investors mopped up stocks worth Rs 5,483.6 crore, according to provisional data from the National Stock Exchange.

<div class="paragraphs"><p>(Source: Unsplash)</p></div>
(Source: Unsplash)

Overseas investors turned net buyers on Wednesday after three days of selling. Foreign portfolio investors mopped up stocks worth Rs 5,483.6 crore, according to provisional data from the National Stock Exchange.

Domestic institutional investors turned net sellers after three sessions and offloaded equities worth Rs 924.4 crore, the NSE data showed.

Foreign institutions have been net buyers of Rs 1,753 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 162.65 points, or 0.67%, higher at 24,286.50, and the S&P BSE Sensex ended up 545.34 points, or 0.69% at 79,986.80.

Intraday, Nifty rose 0.76% to a fresh high of 24,307.25, while Sensex gained 0.80% to hit a historic high of 80,074.30. The NSE Nifty Bank also scaled a fresh high of 53,256.70 during the day.

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