Overseas investors stayed net buyers of Indian equities for the second consecutive session on Wednesday, while the domestic institutional investors stayed net sellers for a second day.
Foreign portfolio investors mopped up stocks worth Rs 1,797.6 crore and the domestic institutional investors sold shares worth Rs 900.62 crore, according to provisional data shared by the National Stock Exchange.
In November, FPIs sold stocks worth Rs 45,974.1 crore, whereas the DIIs mopped up stocks worth Rs 44,483.9 crore. In October, the FPIs had sold equities worth Rs 1.14 lakh crore and the DIIs bought equities worth Rs 1.07 lakh crore.
In 2024, foreign institutions have been net sellers of Rs 2,918 crore worth of Indian equities so far, according to data from the National Securities Depository Ltd., updated till the previous trading day.
Meanwhile, the Indian frontline indices closed higher for the fourth consecutive session on Wednesday, clocking the best winning streak in months.
The NSE Nifty 50 ended 10.30 points or 0.04% higher at 24,467.45, and the BSE Sensex closed 110.58 points or 0.14% up at 80,956.33. In the last four sessions, the indices gained 1.39% and 1.45%, respectively.
During the day, the Nifty 50 rose 0.47% to 24,573.20 and the Sensex advanced 0.49% to 81,245.39. The Sensex reclaimed the 81,000 mark for the first time in 29 sessions since Oct 21.
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