FPIs Flock Back To Indian Market, Buy Stocks Worth Rs 4,671 Crore

Overseas investors turned net buyers of Indian equities on Thursday after three days of selling. Foreign portfolio investors mopped up stocks worth Rs 4,670.9 crore, according to provisional data from the National Stock Exchange.

This is the second time in May that FPIs have turned net buyers.

Domestic institutional investors stayed net buyers for three straight sessions and bought equities worth Rs 146.5 crore, the NSE data showed.

Foreign institutions have been net sellers of Rs 25,716 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 gained 369.85 points, or 1.64%, to end at its highest closing of 22,967.65. The S&P BSE Sensex ended 1,196.98 points, or 1.61%, higher at 75,418.04, a record closing high.