FIIs make a stellar comeback! Turn net buyers in last 6 sessions with net inflow of ₹13,474 crore; DIIs left behind
Foreign institutional investors (FIIs) have made a stellar comeback in Indian markets over the country’s strong macroeconomic fundamentals and the resilience shown by the economy and domestic markets. Foreign investors have emerged as net buyers of Indian equities for the six straight sessions, snapping their three month -sustained selling streak which was over global headwinds.
The return of FIIs was one of factors which drove the benchmark Nifty 50 to hit its fresh record high of 20,291.55 in the intraday session on Friday, December 1 on all-round buying. The domestic institutional investors (DIIs) also infused in Indian stocks, however, FIIs have now won the tug of war with sustained buying in the last six sessions.
As per the NSE data, FIIs cumulatively bought ₹10,522.36 crore of Indian equities, while they sold ₹8,932.75 crore — resulting in an inflow of ₹1,589.61 crore on Friday. Meanwhile, DIIs invested ₹11,173.05 crore and offloaded ₹9,724.97 crore, registering an inflow of ₹1,448.08 crore.
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