FPIs Turn Net Sellers, A Day After Record Buying In 2022
Overseas investors bounced back as net sellers on Thursday post buying the highest worth of Indian Equities on Tuesday.
Overseas investors turned net sellers of Indian equities on Thursday, a day after buying record amount of Indian stocks so far in 2022.
Foreign investors net bought equities worth Rs 4,165.86 crore on Tuesday, the highest so far in 2022. The longest buying stretch by FPIs, this year, lasted 13 days from July 28 to Aug. 17.
Foreign portfolio investors net sold equities worth Rs 2,290.31 crore on Thursday, as per data from the National Stock Exchange.
Domestic institutional investors, on the contrary, turned net buyers and bought equities worth Rs 951.13 crore.
Institutions net bought Rs 14,956.61 crore worth of equities in August and have net sold equities worth Rs 34,822.26 till date in 2022.
India's stock benchmarks declined, dragged by losses in energy, information technology, and metal stocks.
The BSE Sensex lost 770.48 points or 1.29% to 58,766.59, while the Nifty 50 shed over 200 points or 1.22% to 17,542.80 on the NSE.