FPIs Stay Net Buyers For Eighth Straight Day
Domestic institutional investors net sold equities worth Rs 140.73 crore on Monday.
Overseas investors remained net buyers of Indian equities for the eighth day in a row on Monday.
This makes it the longest buying streak so far of this calendar year.
Foreign portfolio investors net bought equities worth Rs 1,449.7 crore today, according to data from the National Stock Exchange.
On the other hand, domestic institutional investors net sold equities worth Rs 140.73 crore.
Institutions had net bought Rs 3,978.31 crore worth of equities in July alone. It was the only month of the year when institutions remained net buyers.
Institutions have net bought Rs 6,534.54 crore worth of equities in August and net sold equities worth Rs 41,905.15 crore in 2022.
The benchmark S&P BSE Sensex jumped 495 points to close at 58,853. The Nifty 50, too, ended 127 points higher at 17,525.
The benchmark indices extended gains to the second straight day on Monday.