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This Article is From Dec 27, 2024

FPIs Remain Net Sellers For Ninth Consecutive Session, Offload Rs 1,323 Crore

Foreign investors offloaded stocks worth Rs 22,151 crore in the past nine sessions.

FPIs Remain Net Sellers For Ninth Consecutive Session, Offload Rs 1,323 Crore
In December so far, FPIs have net sold stocks worth Rs 10,444.1 crore, while the DIIs have been bet buyers of stocks worth approximately Rs 27,474.14 crore. (Photo source: Envato)

Overseas investors stayed net sellers for the ninth consecutive session and offloaded stocks worth Rs 1,323.29 crore on Friday, according to provisional data from the National Stock Exchange.

Domestic institutional investors stayed net buyers for the eighth straight session and bought stocks worth approximately Rs 2,544.64 crore on Friday.

Foreign investors collectively offloaded stocks worth Rs 22,150.99 crore in the past nine sessions, whereas domestic investors bought shares worth Rs 23,035.9 crore in the last eight sessions.

In December so far, FPIs have net sold stocks worth Rs 10,444.10 crore, while the DIIs have been bet buyers of stocks worth approximately Rs 27,474.14 crore.

In November, foreign investors sold shares worth Rs 45,974.1 crore, while the domestic institutional investors bought stocks worth Rs 44,483.9 crore. In October, the FPIs had sold equities worth Rs 1.14 lakh crore, and the DIIs mopped up equities worth Rs 21,593.34 lakh crore.

Foreign institutions have been net buyers of Rs 1,656 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.

The NSE Nifty 50 and BSE Sensex ended Friday's session higher as Mahindra & Mahindra Ltd. and ICICI Bank Ltd. share prices lead. The Nifty 50 ended with gains for second day in a row. The benchmark indices recouped weekly losses.

The Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the Sensex ended 226.59 points or 0.29% higher at 78,699.07.

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