Indian stock indices Nifty and Sensex opened flat on Thursday amid selling by Foreign Institutional Investors (FIIs) and buying support from Domestic Institutional Investors (DIIs), keeping the indices in a balanced mode.
Foreign Portfolio Investment (FPI) in India witnessed a significant decline this week amid market volatility driven by concerns over possible interest rate cuts by the U.S. Federal Reserve.
Foreign investors have been reducing their exposure to Indian equities by selling equities worth Rs 7,769.73 crore in just the last week (August 12 to 17). This activity has caused their net investment for August to turn negative, signaling a shift in the investment.
Indian stock markets on Wednesday opened marginally up following global cues and a rally in US stock markets. According to the experts, the Indian markets are in balanced mode amid the FIIs selling and DIIs buying.
Foreign Portfolio Investors (FPIs) turned net sellers in the Indian stock market by selling equities worth Rs 12,404.73 crore during this week (August 5 to 9).
As per data from the National Securities Depository Limited, last week foreign investors injected Rs 15,420 crore into Indian markets, but their buying declined significantly for the week July 22-26.
The NSE data pointed out that the domestic institutional investors (DIIs) made net purchases exceeding Rs 28,633 crore last month. This sustained buying trend from DIIs has been ongoing since July of the previous year, marking a significant period of domestic investment. Notably, July of the
Foreign portfolio investors (FPIs) have heavily sold stocks off their portfolio in India on Tuesday, as the broader market witnessed a bloodbath, tracking initial trends in Lok Sabha results.
Indian markets have witnessed aggressive selling by Foreign Portfolio Investors (FPIs) in May, with a staggering amount of Rs 17,082 crores as per data by National Securities Depository Limited.
Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs) played a pivotal role in driving market buoyancy, according to the report.