FPIs Continue Selling Streak, Net Offload Stocks Worth Rs 3,529 Crore
Amid the exit of FPIs, domestic institutional investors remain net buyers for the 15th straight session as they mopped up equities worth Rs 3,030.78 crore.
Foreign portfolio investors continued to stay net sellers of Indian equities for the fifth straight day on Tuesday as they net sold stocks worth approximately Rs 3,529.1 crore.
On the other hand, domestic institutional investors remain net buyers for the 15th straight session as they mopped up equities worth Rs 3,030.78 crore, according to provisional data from the National Stock Exchange.
The net-selling by overseas investors was lower on Tuesday as compared to the preceding session, when they had net offloaded equities worth Rs 6,286.7 crore.
In February so far, the FPIs have net offloaded equities worth Rs 32,860 crore, according to the National Securities Depository Ltd.'s data. This was preceded by net selling of Rs 78,027 crore in January.
In 2025 so far, they have net sold equities worth Rs 1.1 lakh crore, the NSDL data showed.
The exit of FPIs is seen as one of the main reasons behind the slump in the Indian stock market. The benchmark NSE Nifty 50 is headed for its fifth consecutive monthly decline, which would mark the longest losing streak since 1996.
The frontline indices ended Tuesday's session mixed, with the metal sector declining the most, while media emerged as a top sectoral gainer. The Nifty 50 ended 5.80 points, or 0.03% lower at 22,547.55, while the BSE Sensex closed 147.71 points or 0.20% higher at 74,602.12.
The support for Nifty 50 is presently placed at 22,500, according to Rupak De, senior technical analyst at LKP Securities. "Below this, the sentiment may worsen further, he said.
