FPIs Stay Net Sellers, Offload Equities Worth Rs 1,627 Crore
Domestic institutional investors, on the other hand, remained net buyers as they mopped up stocks worth Rs 1,510.35 crore.
Foreign portfolio investors remained net sellers of Indian equities for the 15th straight session on Wednesday as they net offloaded stocks worth Rs 1,627.61 crore.
Domestic institutional investors, on the other hand, stayed net buyers for the 25th straight session as they net bought equities worth Rs 1,510.35 crore, according to provisional data from the National Stock Exchange.
The net selling by FPIs was lower as compared to Tuesday, when they had offloaded stocks worth Rs 2,823.8 crore.
Notably, in February, the overseas investors had net offloaded equities worth Rs 34,574 crore, according to the National Securities Depository Ltd.'s data.
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 1.41 lakh crore, the NSDL data showed.
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The benchmark equity indices ended Wednesday's session lower, with NSE Nifty 50 ending in red and BSE Sensex extending its decline for the third day.
The Nifty 50 ended 27.40 points, or 0.12% lower at 22,470.50, while the Sensex closed 72.56 points, or 0.10% down at 74,029.76.
The current market texture is volatile and non-directional, and hence, level-based trading would be the ideal strategy for day traders, as per Shrikant Chouhan, head of equity research at Kotak Securities Ltd. For traders now, 22,300 levels would act as a "sacrosanct support zone", he said.
