FPI inflows: Foreign portfolio investors turned net buyers in Indian equities on Monday after 38 days of uninterrupted selling.
In a major positive development for the Indian stock market, foreign portfolio investors (FPIs) on Monday became net buyers in Indian equities after 38 days of uninterrupted selling. Foreign investors have invested Rs. 9,948 crore (provisional) bought local shares.
Excluding today’s figures, FPIs have withdrawn from the Indian equity market so far this month Rs. 26,533 crore has been withdrawn. In the previous month of October, foreign investors had inflowed Rs. 94,017 crore ($11.2 billion) was withdrawn.
So far in 2024, FPI outflows on a net basis are expected to be Rs. 19,940 crore, excluding today’s figures.
On Monday, the BSE benchmark Sensex rose 992.74 points, or 1.25 percent, to settle at 80,109.85. It gained 1,355.97 points or 1.71 percent to 80,473.08 during the day. As many as 2,697 stocks advanced, 1,352 declined and 165 remained unchanged.
The NSE Nifty rose 314.65 points or 1.32 percent to 24,221.90.
Heavy buying in capital goods, energy and banking stocks also boosted investor sentiment.