FPIs sell Rs 24,734 crore in stocks in January
MUMBAI: Foreign Portfolio Investors (FPIs) have once again sold heavily in Indian stock markets. FPIs have sold net shares worth Rs.24,734 crore till 26 January 2024. At the beginning of 2024, the trend of FPIs was positive buying. But since then, foreign funds have sold heavily behind HDFC Bank.
She was also buying in December 2023. After a three-month sell-off in November 2023, FPIs remained buyers. The total sale of shares by FPIs on January 25 was Rs.9663 crore. Data from National Securities Depository Limited (NSDL) shows that debt, hybrid, debt-VRR and stocks are included.
Foreign institutional investors sold a total of Rs 12,194.38 crore on a daily basis last week. While domestic institutional investors were buying three days out of six trading days with a total purchase of Rs.9701.46 crore.
FPIs continued to sell in the cash market, with equity selling of Rs.27,664 crore till January 25. FPIs have sold in automobile, auto ancillary, media and entertainment and some IT stocks. While oil-gas, power and selected financial services stocks remained buyers.
The US FPIs are seen stopping buying in stocks on the global front as bond yields rise from 3.9 per cent to 4.18 per cent. In which there has been a huge sell-off in stocks in developing markets like India. In calendar year 2023, FPIs bought Indian stocks worth Rs.1.71 lakh crore and the total investment flow was Rs.2.37 lakh crore in debt, hybrid, debt-VRR and equities.
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