FPIs Stay Net Buyers Following New Government's Oath-Taking
Foreign portfolio investors mopped up stocks worth Rs 2,572.4 crore, according to provisional data from the NSE.
Overseas investors remained net buyers of Indian equities on Monday for the second straight day. Foreign portfolio investors mopped up stocks worth Rs 2,572.4 crore, according to provisional data from the National Stock Exchange.
FPIs turned net buyers on Friday after uncertainty around government formation ended, with the Narendra Modi-led Bharatiya Janata Party forming a government with its allies. The Prime Minister took oath on Sunday, along with his Cabinet Ministers.
Domestic institutional investors turned net buyers and mopped up equities worth Rs 2,764.5 crore after a day of selling, NSE data showed.
Foreign institutions have been net sellers of Rs 32,802 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 settled 30.95 points, or 0.13%, lower at 23,259.20, and the S&P BSE Sensex ended 203.28 points down, or 0.27%, at 76,490.08.
