FPIs Turn Net Sellers After Four Sessions

Overseas investors turned net sellers of Indian equities on Wednesday after being buyers for four straight sessions. Foreign portfolio investors offloaded stocks worth Rs 1,347.5 crore, according to provisional data from the National Stock Exchange.

Domestic institutional investors turned net buyers after selling for a day and bought equities worth Rs 439.4 crore, the NSE data showed.

Foreign institutions have been net buyers of Rs 28,907 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 FPIs have sold stocks worth Rs 29,946.4 crore this month, while domestic institutional investors have mopped up stocks worth Rs 48,785.9 crore.

The Nifty closed 34.6 points or 0.14%, higher at 25,052.35 and the Sensex ended 73.80 points or 0.09%, higher at 81,785.56.