FPIs Snap 12-Session Selling Streak, Buy Stocks Worth Rs 1,507 Crore
FPIs bought Rs 1,507 crore worth of Indian stocks on Thursday, ending a prolonged selling streak, while domestic institutional investors continued their buying momentum.
Foreign portfolio investors snapped a 12-session selling streak on Thursday and bought stocks worth approximately Rs 1,506.8 crore, according to provisional data from the National Stock Exchange.
Domestic institutional investors have been buyers for 12 consecutive sessions and bought stocks worth Rs 22.1 crore.
The FPIs bought stocks worth Rs 2,382.6 crore on Wednesday. So far in January 2025, FPIs have sold stakes worth Rs 5,949 crore, according to the National Securities Depository Ltd.
This comes as the Indian benchmarks closed higher for the second consecutive day on Thursday and recorded their best sessions since Nov. 22. Both the equity indices saw their highest closing since Dec. 18. The NSE Nifty 50 closed 445.75 points, or 1.88%, up at 24,188.65, and the BSE Sensex ended 1,436.30 points, or 1.83%, higher at 79,943.71.
Siddhartha Khemka, head of research, wealth management at Motilal Oswal Financial Services, expects the gradual uptick to continue in the market over the next few days, alongside a close watch on third quarter earnings and the global cues as foreign markets reopen after year-end holidays.
Through 2024, overseas investors have been net sellers and have collectively offloaded stocks worth Rs 7,292.3 crore, 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.
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.
In November the foreign investors sold shares worth Rs 14,465.04 crore, NSDL data showed.
