Foreign portfolio investors stayed net sellers of Indian equities for the 15th straight session on Thursday, as they sold stocks worth Rs 5,462.52 crore.
The domestic institutional investors, on other hand, were net buyers for the 26th consecutive sessions as they mopped up equities worth Rs 3,712.55 crore, according to provisional data from the National Stock Exchange.
So far in January, the FPIs have sold equities worth Rs 61,094 crore, according to the National Securities Depository Ltd.
On Thursday, the Indian benchmark indices extended their gains into a second day, led by UltraTech Cement Ltd. and information-technology firms, which rose on solid earnings and excitement around Donald Trump's AI policies.
The S&P BSE Sensex closed 115 points, or 0.15% higher, at 76,520.38, while the NSE Nifty 50 rose 50 points, or 0.22%, to 23,205.35. Intraday, the Nifty jumped 0.5% to 23,270.80, while the S&P BSE Sensex increased 0.44% to 76,743.54.
Coforge Ltd. and Persistent Systems Ltd. saw their shares rise 11% and 12%, respectively, on positive third-quarter results. Trump's ambition to make the United States an AI superpower by removing regulatory barriers continued to boost tech enthusiasm.
Since October 2024, the FPIs have majorly been net sellers as they 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 alone, however, the FPIs were net buyers, having mopped up Indian equities worth Rs 15,446 crore, according to NSDL data.
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