FPIs Remain Net Buyers For Second Straight Day
In December so far, the foreign institutional investors have mopped up Rs 13,943.8 crore worth of equities.
Overseas investors remained net buyers of Indian equities on Tuesday for the second consecutive session, while domestic institutional investors turned net buyers after a day of selling.
Foreign portfolio investors bought stocks worth approximately Rs 1,286 crore, while the DIIs mopped up stocks worth Rs 605.8 crore, according to provisional data shared by the National Stock Exchange.
In December so far, the foreign institutional investors have mopped up Rs 13,943.8 crore worth of equities, while the DIIs purchased Rs 750.2 crore worth of equities.
In November, the FPIs sold stocks worth Rs 45,974.1 crore and the DIIs mopped up stocks worth Rs 44,483.9 crore. In October, the FPIs had sold equities worth Rs 1.14 lakh crore, and the DIIs bought equities worth Rs 1.07 lakh crore.
In 2024, foreign institutions have been net sellers of Rs 9,248 crore worth of Indian equities so far, according to data from the National Securities Depository Ltd., updated till the previous trading day.
The FIIs have provided a much-needed boost to the broader market, according to Siddhartha Khemka, head of research-wealth management at Motilal Oswal Financial Services Ltd. "We expect the market to largely remain in a broader range with a positive bias, supported by the FII buying and favourable government policies."
The benchmark equity indices ended on a muted note on Tuesday after declining for the past two sessions, with share prices of Reliance Industries Ltd. and Bharti Airtel Ltd. dragging the most.
The NSE Nifty 50 closed 8.95 points or 0.04% down at 24,610.05, while the BSE Sensex settled 1.59 points up at 81,510.05. During the day, the Nifty declined as much as 0.44% to 24,510.65 and the Sensex fell 0.40% to 81,182.69.
