FPIs Offload Stocks Worth Rs 1,933.94 Crore So Far In 2024

Overseas investors have been net sellers through 2024 and have collectively offloaded stocks worth Rs 1,933.94 crore so far this year, according to data from NSDL compiled by NDTV Profit. On the other hand, domestic institutional investors stayed net buyers through the year and bought stocks worth Rs 5.32 lakh crore, according to provisional data from the National Stock Exchange compiled by NDTV Profit.

The foreign portfolio investors offloaded stocks worth approximately Rs 4,645.20 crore on Tuesday, according to provisional data from the National Stock Exchange. The DIIs bought stocks worth Rs 4,546.70 crore. While the FPIs have been net sellers for eleven sessions, DIIs have been buyers for ten sessions.

The FPIs have offloaded Rs 1,598.78 crore on Monday, according to NSDL data.

In December, so far, FPIs have bought stakes worth Rs 12,643.27 crore, according to NSDL, while DIIs have bought stakes worth Rs 34,194.70 crore as per NSE. In November the foreign investors sold shares worth Rs 14,465.04 crore, NSDL data showed.

However, according to data from the National Securities Depository Ltd., which is updated till the previous trading day, foreign institutions have been net buyers of Rs 427 crore worth of Indian equities so far in 2024.

The NSE Nifty 50 and BSE Sensex rose for nine years in a row, recording the best yearly winning streak since their inception despite sharp losses in the last three to four months of 2024. The Nifty 50 rose 8.80%, and the Sensex rose 8.17% in the calendar year 2024.

The benchmark indices ended on a muted note on Tuesday. The Nifty 50 ended flat at 23,644.80, and the Sensex ended 0.14% or 109.12 points lower at 78,139.01.

The Nifty 50 declined as much as 0.78% to the day's low of 23,460.45, and the Sensex fell 0.88% to the day's low of 77,560.79.