In August, FPIs raised Rs. 7,322 crore worth of domestic stock purchases which fell month-on-month from July while total purchases stood at Rs. 32,359 crores. When in June they got Rs. 26,565 crore were net buyers while in April and May they were Rs. 8,671 crore and Rs. 25,586 crore worth of equity was sold.
In February and March they paid Rs. 1,539 crore and Rs. 35,098 crore were net buyers after starting the year on a negative note in January when they bought Rs. 25,744 crore worth of shares were offloaded.
On Friday, foreign institutional investors (FIIs) raised Rs. 1,209.10 crore were net sellers while domestic institutional investors (DIIs) also contributed Rs. 6,886.65 crore were net buyers.
“The robust FII buying seen this month continued in the week ended September 27. Diversification in FII activity by exchanges and primary market also continued with occasional selling in the cash market and sustained investment by the primary market. FII inflows of Rs 57359 crore so far in September has invested and the investment through exchanges alone has touched Rs 46,480 crore,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
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Vijayakumar attributed the current stability in the INR to FPI inflows, the September Fed rate cut and dovish commentary by the largest central bank. According to him, this could facilitate continued flows to emerging markets like India.
After seven consecutive sessions of record-breaking highs, major indices Sensex and Nifty took a break on Friday, as heavyweight financial stocks fell. The BSE Sensex settled down 264 points or 0.31% at 85,571. The broader NSE Nifty ended down 37 points, or 0.14%, at 26,178.
Also Read: NSE, BSE Revise Transaction Fees; The new charges will be applicable from October 1
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