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Are FPIs Back? Data Suggests Otherwise
Monday's trade saw FPIs purchase over Rs 85,000 crore. A single day purchase of that quantum should have sent the benchmark over the roof, but the indices were up just 1.3% at the end of trade.
26 Nov 2024, 09:00 AM IST 
The net buying is also precipitated by the quantum of shares bought in HDFC Bank Ltd. (Photo source: Unsplash)
After 38 days of continuous selling, foreign portfolio investors net bought close to Rs 10,000 crore in the secondary market. That's a call for cheer.But data suggests otherwise. Monday's trade saw FPI gross purchases of over Rs 85,000 crore. A single-day purchase of this quantum not seen in many months should have sent the benchmark over the roof, but the indices were up just 1.3% at the end of trade.While this is on the positive si...
