FIIs invest Rs 300 crore in equities in a single day

After pulling out a whopping over Rs 2,500 crore from the Indian stocks markets in the first two weeks of this month, foreign institutional investors today invested a net Rs 300 crore in equities. FIIs were the gross buyer of equities worth Rs 2,187.88 crore, whereas they sold shares worth Rs 1,888.65 crore resulting in a net investment of Rs 299.23 crore, provisional data available with the Bombay Stock Exchange shows. On Thursday, FIIs had sold a net Rs 100 crore shares, the latest data available with the Securities and Exchange Board of India (SEBI) shows. Meanwhile, domestic institutional investors also followed the market trend and were the net purchaser of equities worth over Rs 392 crore. DIIs bought shares worth over Rs 1,076 crore, whereas they sold equities nearly worth Rs 684 crore resulting in a net investment of about Rs 392 crore, the BSE data shows. However, brokers on behalf of clients were not in investment mood and were the net seller of equities and sold Rs 143.44 crore shares. Similarly, non-resident Indians (NRIs) were also in a profit-booking mood as they sold a net Rs 11.67 crore shares in the market.
Source: ET