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FPIs Turn Net Sellers After A Day

Foreign portfolio investors offloaded stocks worth Rs 23.1 crore, according to provisional data from the NSE.

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

Overseas investors turned net sellers of Indian equities on Friday after a day of buying. Foreign portfolio investors offloaded stocks worth Rs 23.1 crore, according to provisional data from the National Stock Exchange.

Domestic institutional investors turned net buyers after a session of selling and mopped up equities worth Rs 6,658.3 crore, the NSE data showed.

Foreign institutions have been net buyers of Rs 3,201 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 ended June with 6.56% gains, the most since December 2023 when it had gained 7.9%.

On Friday, the Nifty closed 33.90 points, or 0.14%, lower at 24,010.60, and the S&P BSE Sensex fell 210.45 points, or 0.27%, to end at 79,032.73.

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