FPIs Stay Net Sellers For 16th Straight Session, Offload Equities Worth Rs 2,759 Crore
Foreign portfolio investors stayed net sellers of Indian equities for the 16th straight session on Friday as they sold stocks worth Rs 2,758.5 crore.
The domestic institutional investors, on other hand, were net buyers for the 27th consecutive sessions as they mopped up equities worth Rs 2,402.3 crore, according to provisional data from the National Stock Exchange.
So far in January, the FPIs have sold equities worth Rs 64,156 crore, according to the National Securities Depository Ltd.
The Indian benchmark indices extended their losses to the third consecutive week as earnings woes continue to hurt investor sentiments. The key gauges snapped their two-day gains on Friday, weighed by a fall in heavyweights HDFC Bank Ltd. and Reliance Industries Ltd.
The S&P BSE Sensex closed 329.92 points or 0.43% down at 76,190.46, while the NSE Nifty 50 was 113.15 points or 0.49% lower at 23,092.20. During the day, the Nifty fell 0.67% to 23,050, and the Sensex declined 0.56% to 76,091.7.
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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