FPIs Turn Net Sellers After Two Days Of Buying; DIIs Continue To Invest In Indian Equities
Foreign portfolio investors offloaded Indian stocks worth Rs 1,012.24 crore on Wednesday, following two days of net buying.
Overseas investors turned net sellers of Indian equities on Wednesday after two consecutive days of selling, while domestic institutional investors remained net buyers for the second consecutive session.
Foreign portfolio investors offloaded stocks worth Rs 1,012.24 crore, while the DIIs mopped up stocks worth Rs 2,007.85 crore, according to provisional data shared by the National Stock Exchange.
In December so far, the foreign institutional investors have mopped up Rs 12,931.58 crore worth of equities, while the DIIs purchased Rs 2,758.04 crore worth of equities.
In November, the FPIs sold stocks worth Rs 45,974.1 crore, and 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 11,115 crore worth of Indian equities so far, according to data from the National Securities Depository Ltd., updated till the previous trading day.
"We expect markets to continue to trade in a broad range with a positive bias backed by intermittent FPI inflows and optimistic news flows around government spending," according to Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.
The NSE Nifty 50 snapped its three-session fall, and the BSE Sensex rose for the second consecutive day on Wednesday as traders await inflation data from the US later in the day and from India a day later. The gains were limited as Reliance Industries Ltd. and bank stocks weighed on them.
The Nifty ended 31.75 points, or 0.13%, higher at 24,641.8, and the Sensex closed 16.09 points, or 0.02%, up at 81,526.14. During the day, both the Nifty and Sensex had risen 0.3%.
