FPIs Turn Net Buyers, Mop Up Shares Worth Rs 724 Crore
In December so far, FIIs have mopped up Rs 12,657.86 crore worth of equities, whereas the DIIs purchased Rs 144.40 crore worth of equities.
Overseas investors turned net buyers of Indian equities on Monday after a day of selling, while domestic institutional investors turned net sellers after a day of buying.
Foreign portfolio investors bought stocks worth Rs 724.27 crore, while the DIIs sold stocks worth Rs 1,648.07 crore, according to provisional data shared by the National Stock Exchange.
In December so far, FIIs have mopped up Rs 12,657.86 crore worth of equities, whereas the DIIs purchased Rs 144.40 crore worth of equities.
In November, FPIs sold stocks worth Rs 45,974.1 crore, whereas the DIIs mopped up stocks worth Rs 44,483.9 crore. In October, the FPIs had sold equities worth Rs 1.14 lakh crore, and the DIIs bought equities worth Rs 1.07 lakh crore.
In 2024, foreign institutions have been net sellers of Rs 8,649 crore worth of Indian equities so far, according to data from the National Securities Depository Ltd., updated till the previous trading day.
We expect the market to remain range-bound with a positive bias, supported by intermittent FII buying and news flows related to government spending, according to Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd.
The benchmark equity indices ended the first session of the week on Monday on a subdued note as Reliance Industries Ltd. and fast-moving consumer goods stocks dragged them down the most.
The NSE Nifty 50 ended 58.80 points, or 0.24%, lower at 24,619, and the BSE Sensex closed 200.66 points, or 0.25%, down at 81,508.46. During the day, both the Nifty and Sensex had fallen 0.4% each.
Investors tracked various global events, including comments from China's politburo, the country's change in monetary policy stance, the political scenario in South Korea, and geopolitical tensions in West Asia over the weekend.
