News Topical, Digital Desk : The selling spree by foreign investors continues and intensified on Friday. According to data released, net sales of shares worth over ₹4,113 crore (approximately $1.2 billion) by foreign investors (FIIs/FPIs) on Friday meant the value of shares sold exceeded the value of shares purchased. This figure is the highest since January 16th. With today's selling, the total sales by foreign investors in January so far have surpassed ₹40,700 crore (approximately $1.2 billion).
How were the FII figures?
On January 23rd, FIIs purchased shares worth ₹13,550 crore (approximately $1.35 billion). They also sold shares worth over ₹17,663 crore (approximately $1.7 billion). Foreign investors have been selling shares continuously since January 5th. They sold shares in 15 of the 16 sessions in January, and Friday marked the third session when net selling exceeded ₹4,000 crore (approximately $4 billion).
Domestic investors are continuing to buy. On Friday, domestic investors purchased shares worth ₹18,258 crore (approximately $1.41 billion). This means net buying by domestic investors on Friday was ₹4,102 crore (approximately $4.102 billion). With today's purchases, net buying by domestic investors in January has reached ₹55,000 crore.
How was Friday's trading? Domestic stock markets saw a sharp decline on Friday, with the Nifty falling 241 points to close below 25,050. The market will be closed on Monday, with the budget scheduled for Sunday next week. Nifty Bank also closed down by over 700 points in today's session.
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