Mumbai, May 17 (IANS). Foreign portfolio investors (FPIs) continued the purchase process on Friday and invested a record of Rs 8,831.1 crore in the stock market. This was the largest figure of FPI Inflow after 27 March. This information was found in the data on the National Stock Exchange (NSE) on Saturday.
Earlier on Thursday, FPI invested Rs 5,746.5 crore in the stock market.
According to data from National Security Depository Limited (NSDL), in May, the FPI has so far invested Rs 18,620 crore in the stock market.
For the past one month, foreign investors have been continuously investing in the Indian stock market. FPI Inflow in April was Rs 4,223 crore. The FPI was a net seller in the earlier three months – January, February and March and sold Rs 78,027 crore, Rs 34,574 crore and Rs 3,973 crore respectively.
Apart from foreign investors, domestic institutional investors (DIIs) were also a pure buyer on Friday and invested around Rs 5,187.1 crore in the stock market.
Despite the net purchases of foreign and domestic investors, the markets were closed in red mark in the last session.
At the end of the trading, the Sensex fell 200.15 points or 0.24 percent to 82,330.59 and the Nifty was 42.30 points or 0.17 percent to 25,019.80.
Shopping was seen in midcap and smallcap compared to largecap. The Nifty Midcap 100 index rose by 529.65 points or 0.94 percent to 57,060.50 and the Nifty Smallcap 100 index 320 points or 1.86 percent to 17,560.40.
Despite the decline in the main indices, the trend of wider market was positive. 2,607 shares on the Bombay Stock Exchange (BSE) in green mark, 1,380 shares in red mark and 139 shares closed without any change.
Nandish Shah, HDFC Securities, Senior derivatives and Technical Research Analyst, said, “Nifty is in a rapid pace and is constantly over its short-term moving average. At present, 25,207 for Nifty is a blockage level and support is at 24,800.”
-IANS
ABS/
