Foreign portfolio investors stayed net sellers of Indian equities for the 18th straight session on Tuesday as they sold stocks worth Rs 4,920.7 crore.
Domestic institutional investors were net buyers for the 29th consecutive session as they mopped up equities worth Rs 6,814.3 crore, according to provisional data from the National Stock Exchange.
The FPIs sold stake worth Rs 4,519.6 crore on Monday. So far in January, the FPIs have sold equities worth Rs 71,536 crore, according to the National Securities Depository Ltd.'s data.
The Indian equity benchmark indices closed higher, ending a two-day decline, as bank stocks led gains.
The NSE Nifty 50 ended 128.10 points or 0.56% up at 22,957.25, while the 30-stock BSE Sensex closed 535.23 points, or 0.71% higher at 75,901.41.
Realty was the best-performing sector, followed by PSU Banks, while pharma and energy lagged. The broader markets extended their underperformance as mid and small caps corrected by 0.51% and 1.81% respectively.
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 NSDL data.
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