Foreign institutional investors (FIIs) net purchased Indian shares worth Rs

Share Market Live

NSE

7,918.6 crore from March 29 through April 5, according to provisional exchange data. That was the longest streak of FII inflows for Dalal Street since September 2021.

Net buys by domestic institutional investors (DIIs) stood at Rs 5,671.2 crore in the six-day period.

Over an eight-day period in September 2021, FIIs had made net purchases of Rs 8,034.1 crore, data shows.

The six back-to-back days of inflows come at a time when sustained selling by FIIs has put pressure on Indian shares for the past few months.

Indian equity benchmarks Sensex and Nifty50 scaled the last of a chain of unprecedented levels in October 2021. Heavy withdrawals by foreign institutions since have been one of the primary factors keeping the headline indices from fresh highs, besides wild swings in crude oil, geopolitical tensions, rising interest rates and overheated valuations.

Here's what institutional flows in the past year look like:

In the financial year ended March 2022, FII outflows stood at Rs 2.7 lakh crore, however, DII inflows came in at Rs 2.2 lakh crore, data shows.

Catch latest stock market updates with CNBCT8.com's blog

(Edited by : Akanksha Upadhyay)

First Published:Apr 5, 2022 2:30 PM IST