Overseas investors turned net sellers on Wednesday after a day of buying. Foreign portfolio investors offloaded stocks worth Rs 5,841.8 crore, according to provisional data from the National Stock Exchange.
This is the second highest selling in the month of May. FPIs had sold Rs 6,994.9 crore on May 9, the highest level during the month.
Domestic institutional investors stayed net buyers for seven straight sessions and mopped up equities worth Rs 5,233.8 crore, the NSE data showed.
Foreign institutions have been net sellers of Rs 17,931 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 benchmark equity indices recorded their biggest fall in 14 sessions on Wednesday, as they continued to decline for the fourth consecutive session.
The NSE Nifty 50 closed 183.45 points, or 0.8%, lower at 22,704.70, while the S&P BSE Sensex ended 667.55 points, or 0.89%, down at 74,502.90.
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