FPIs Snap 17-Session Selling Streak, Buy Stocks Worth Rs 694.57 Crore
On Monday, the FPIs offloaded equities worth Rs 4,445.74 crore. So, far in March, the FPIs have offloaded equities worth Rs 34,580 crore, according to the National Securities Depository Ltd.'s data.
Foreign portfolio investors bought stocks worth Rs 694.57 crore on Tuesday after they turned net buyers of Indian equities after 17 straight sessions, as per the revised provisional data from the National Stock Exchange. While domestic institutional investors mopped up stocks worth Rs 2,534.75 crore, as per the revised numbers.
FPIs were net buyers of Indian equities on Feb. 18 and they mopped up equities worth Rs 4,786.56 crore.
As per the earlier data shared by NSE, FPIs turned net buyers of Indian equities after 17 straight sessions on Tuesday as they bought stocks worth Rs 1,462.96 crore. Domestic institutional investors stayed net buyers for the 28th straight session, as they net bought equities worth Rs 2,028.15 crore, according to provisional data from the National Stock Exchange.
On Monday, the FPIs offloaded equities worth Rs 4,445.74 crore. So far in March, the FPIs have offloaded equities worth Rs 34,580 crore, according to the National Securities Depository Ltd's data.
In February, the FPIs net offloaded equities worth Rs 34,574 crore. 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 1.47 lakh crore, the NSDL data showed.
This comes after the Indian benchmark equity indices had their best day in 28 sessions on Tuesday, closing higher for the second consecutive day as easing fears over a US recession and improved outlook for China lifted global stocks.
The NSE Nifty 50 ended 325.55 points or 1.45% higher at 22,834.30, while the BSE Sensex closed 1,131.31 points or 1.53% up at 75,301.26.
Intraday, the Nifty surged as much as 1.53% to edge past the 22,800 level, breaking the resistance of 22,600 seen by analysts, while the Sensex gained 1.61%.
