FPI Remain Net Sellers For 23 Sessions, Offload Equities Worth Rs 3,958 Crore
The NSE Nifty 50 ended 121.10 points or 0.52% down at 23,361.05 and the BSE Sensex closed 319.22 points or 0.41% lower at 77,186.74.
Foreign portfolio investors stayed net sellers of Indian equities for the 23rd straight session on Monday as they sold stocks worth approximately Rs 3,958.4 crore.
Domestic institutional investors were net buyers for the 34th consecutive session as they mopped up equities worth Rs 2,708.2 crore, according to provisional data from the National Stock Exchange.
The FPIs sold stake worth Rs 1,189 crore on Friday. In January, the FPIs sold equities worth Rs 78,027 crore, according to the National Securities Depository Ltd.'s data.
The NSE Nifty 50 and BSE Sensex settled in losses on Monday as risk-off sentiment drove money out of the domestic markets on fears of potential trade wars in the wake of tariff impositions by the US. Larsen & Toubro Ltd. and Reliance Industries Ltd. share prices dragged the benchmark Nifty 50 the most.
The Nifty 50 ended 121.10 points or 0.52%, down at 23,361.05, and the Sensex closed 319.22 points or 0.41%, down at 77,186.74. During the day, the Nifty 50 fell 1.11% to 23,222.00, the Sensex fell 0.97% to day's low of 76,756.09.
Since October, the FPIs have majorly been net sellers as they offloaded stocks worth Rs 7,292.3 crore. The DIIs stayed net buyers during the period and bought stocks worth Rs 5.32 lakh crore, according to provisional data from the NSE compiled by NDTV Profit.
In December alone, however, the FPIs were net buyers, having mopped up Indian equities worth Rs 15,446 crore, according to the NSDL data.
