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FPIs SOLD EQUITIES WORTH RS 977 CRORES
The Business Guardian
|December 22, 2024
After starting the week on a strong buying spree, foreign portfolio investors (FPIs) turned net sellers in the Indian equity market and the net investment turned negative this week with Rs 977 crore, according to data from the National Securities Depository Limited (NSDL).
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The data revealed that from December 16 to 20, FPIs initially showed robust buying activity, purchasing equities worth Rs 3,126 crore in the first two trading sessions of the week. However, the trend reversed in the subsequent three sessions, with FPIs selling equities worth over Rs 4,103 crore. This heavy selling dragged the net weekly investment into negative territory.
This story is from the December 22, 2024 edition of The Business Guardian.
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