Foreign portfolio investors stayed net sellers of Indian equities for the 12th straight session on Friday and sold stocks worth Rs 4,336.5 crore.
Domestic institutional investors have been buyers for 23 consecutive sessions and bought stocks worth Rs 4,322 crore, according to provisional data from the National Stock Exchange.
So far in January, the FPIs have sold stake worth Rs 48,023 crore, according to the National Securities Depository Ltd.
The FPIs have offloaded stocks worth Rs 3,784.5 crore in the stock exchanges on Jan. 17, according to the NSDL data collected by NDTV Profit.
Indian benchmark indices closed higher after a blip as the world readies for Donald Trump's swearing-in as the 47th US president along with the flurry of executive orders he is expected to sign.
The gains in the key gauges were driven by Kotak Mahindra Bank Ltd. and Wipro Ltd. as positive earnings triggered target price hike by analysts.
The S&P BSE Sensex Index closed 454 points, or 0.59%, higher at 77,073 while the NSE Nifty 50 was 141 points or 0.61% higher at 23,344.
Intraday, the NSE Nifty 50 advanced 0.81% to 23,391, and the S&P BSE Sensex rose 0.91% to 77,318.9. The gains during the day led the indices to notch the second-best session so far this year.
Since October 2024, overseas investors have majorly been net sellers and have collectively 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, the FPIs sold stake worth Rs 7,292.3 crore, according to the NSDL, while the DIIs bought stake worth Rs 34,194.7 crore, as per the NSE.
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