Foreign portfolio investors turned net sellers of Indian equities on Wednesday after a session of buying on Wednesday as they sold stocks worth approximately Rs 1,682.8 crore.
Domestic institutional investors turned net buyers after a selling session as they mopped up equities worth Rs 996.3 crore, according to provisional data from the National Stock Exchange.
The FPIs bought stocks worth Rs 809.2 crore on Tuesday. So far in the year, FPIs have sold equities worth Rs 80,627 crore. In January, the FPIs sold equities worth Rs 78,027 crore, according to the National Securities Depository Ltd.'s data.
The NSE Nifty 50 and BSE Sensex ended with marginal losses on Wednesday, as ITC Ltd. and Larsen & Toubro Ltd. share prices dragged. The index erased most of its morning gains, as earnings reports did little to lift investor sentiments.
The Nifty 50 ended 42.95 points or 0.18% down at 23,696.30 and the Sensex ended 312.53 points or 0.40% down at 78,271.28.
Earlier in the day, the Nifty 50 rose 0.29% to the day's high of 23,807.30, and the Sensex rose 0.19% to the day's high of 78,735.41. In the last hour of trade, the Nifty 50 declined 0.25% to the day's low of 23,680.45, and the Sensex fell 0.45% to the day's low of 78,226.26.
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