Foreign portfolio investors turned net buyers of Indian equities on Friday after a day, buying up stocks worth Rs 1,009.7 crore, according to the provisional data from the National Stock Exchange.
Domestic institutional investors stayed net buyers for the 14th straight session as they bought equities worth Rs 9,342.5 crore, the data showed. The domestic buying has soared after Bajaj Holdings & Investment Ltd. on Friday sold shares of Bajaj Finserv Ltd. worth Rs 2,002.2 crore through a block deal.
The company sold 1.04 crore equity shares to public shareholders, , according to an exchange filing. This makes up 0.65% of paid-up capital of Bajaj Finserv. The company’s promoters already offloaded 2.85 crore shares earlier in the day in a pre-market transaction block deal.
The FPIs bought equity worth Rs 19,860 crore in May. In April, the overseas investors had net bought shares worth Rs 4,223 crore, according to the National Securities Depository Ltd.’s data.
In March, they had net offloaded equities worth Rs 3,973 crore, which was significantly lower as compared to the net selling of equities worth Rs 34,574 crore in February. This was preceded by net selling of Rs 78,027 crore in January.
In 2025 so far, the FPIs have net sold equities worth Rs 1.01 lakh crore, the NSDL data showed.
The benchmark equity indices closed higher for a third straight session on Friday, after the Reserve Bank of India Monetary Policy Committee slashed the key lending rate by 50 basis point to bring it to 5.5%.
The NSE Nifty 50 ended 252 points, or 1.02% higher at 25,003, while the BSE Sensex closed 746.95 points, or 0.92% up at 82,188.99. During the day, the Nifty rose 1.13% to trade at 25,092.50 and the Sensex advanced 1.05% to 82,299.89.
The market saw a positive trend this week, with Nifty gaining over 1%, driven by Eternal Ltd. and Shriram Finance Ltd. Sensex also rose nearly 1%, snapping a two-week losing streak.
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