FIIs Stage Strong Comeback with Rs 2,238 Crore Buying, Sensex and Nifty Hit New Highs

14 Jul 2023 , 12:13 PM

Foreign institutional investors (FIIs) made a strong comeback with a significant buying of nearly Rs 2,238 crore in Indian stocks on Thursday, following a previous session’s selloff.

This buying spree coincided with the Sensex and Nifty 50 hitting new lifetime highs, while IT stocks experienced a sharp rally driven by TCS Q1 earnings. As per data, In contrast, domestic institutional investors (DIIs) pulled out nearly Rs 1,197 crore from the market on the same day.

NSE data shows that FIIs accumulated equities worth Rs 10,128.06 crore and sold equities worth Rs 7,890.13 crore, resulting in a net infusion of Rs 2,237.93 crore. DIIs purchased equities worth Rs 8,229.67 crore and sold equities worth Rs 9,426.35 crore, resulting in a net outflow of Rs 1,196.68 crore on July 13.

On Wednesday, FIIs broke their ten-day buying streak and sold Rs 1,242.44 crore in Indian stocks, while DIIs were net buyers with an inflow of Rs 436.71 crore.

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