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FPI Inflows: Foreign portfolio investors on Monday turned net buyers in Indian equities after 38 days of incessant selling.
The FPIs pulled out Rs 26,533 crore from the Indian equity market this month so far, excluding today’s figures.
In a major positive development for the Indian stock market, foreign portfolio investors (FPIs) on Monday turned net buyers in Indian equities after 38 days of incessant selling. The foreign investors bought domestic shares worth Rs 9,948 crore (provisional).
The FPIs pulled out Rs 26,533 crore from the Indian equity market this month so far, excluding today’s figures. In the previous month of October, the foreign investors had withdrawn Rs 94,017 crore ($11.2 billion) on a net basis.
In 2024 so far, FPI outflows on a net basis stand at Rs 19,940 crore, excluding today’s figures.
On Monday, the BSE benchmark Sensex surged 992.74 points or 1.25 per cent to settle at 80,109.85. During the day, it soared 1,355.97 points or 1.71 per cent to 80,473.08. As many as 2,697 stocks advanced, 1,352 declined, and 165 remained unchanged.
The NSE Nifty surged 314.65 points or 1.32 per cent to 24,221.90.
Heavy buying in capital goods, energy and banking stocks also boosted investor sentiments.