FPIs buy Indian equities worth Rs 57,359 crore in September so far. 2024 tally crosses Rs 1 lakh crore mark
Foreign Portfolio Investors (FPIs) have been net buyers of Indian equities at Rs 57,359 crore. The total investments by them now stand at Rs 1,00,245 crore on the year-to-date basis and is highest in nine months.
In August, FPIs bought domestic shares worth Rs 7,322 crore which was down month-on-month from July when the total purchase stood at Rs 32,359 crore. While in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively.
In February and March they were net buyers at Rs 1,539 crore and Rs 35,098 crore after starting the year on a negative note in January when they offloaded shares worth Rs 25,744 crore.
On Friday, the foreign institutional investors (FIIs) were net sellers at Rs 1,209.10 crore while the domestic institutional investors (DIIs) were also net buyers at Rs 6,886.65 crore.
«The strong FII buying witnessed this month continued for the week ending on September 27, too. The variations in the FII activity through the exchanges and the primary market also continues with occasional selling in the cash market and sustained investment through the primary market. FIIs have invested Rs 57359 crores so far in September with investment through the exchanges alone touching Rs 46480 crores,» V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
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