FPIs Remain Net Sellers For 10th Straight Session, Offload Equities Worth Nearly Rs 2,900 Crore
Foreign portfolio investors continued to remain net sellers of Indian equities for the 10th straight session on Wednesday as they net offloaded stocks worth approximately Rs 2,895.04 crore.
Domestic institutional investors stayed net buyers for the 20th straight session as they bought equities worth Rs 3,370.60 crore, according to provisional data from the National Stock Exchange. In the previous day, the FPIs had offloaded equities worth Rs 3,405.82 crore.
In February, the FPIs net offloaded equities worth Rs 34,574 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, the overseas investors have net sold equities worth Rs 1.32 lakh crore, the NSDL data showed.
On Wednesday, the NSE Nifty 50 settled in the green, marking an end to its 10-day losing streak, which was the longest in the last 29 years. The index closed 254.6 points or 1.15% higher at 22,337.3. The BSE Sensex settled 740.3 points or 1.01% higher at 73,730.2.
Nifty 50 witnessed a solid rebound as the 21,800-22,000 zone provided strong support, according to Rupak De, senior technical analyst at LKP Securities. The index has moved up after two days of sideways trading, he pointed out.
"The relative strength index is in a bullish crossover and has risen from the oversold zone," he added.
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