Daijiworld Media Network - Mumbai

Mumbai, Nov 7: After six consecutive sessions of outflows, foreign portfolio investors (FPIs) turned net buyers of Indian equities on Friday, injecting approximately Rs 4,581 crore into the market, according to provisional data from the National Stock Exchange (NSE).

Meanwhile, domestic institutional investors (DIIs) continued their bullish streak, marking their 11th straight session of net buying, as they purchased shares worth Rs 6,675 crore.

Despite Friday’s inflows, FPIs remain net sellers so far in November, offloading shares worth Rs 12,569 crore. In contrast, they were net buyers in October, investing Rs 14,610 crore, as per NSDL data. Earlier months saw consistent outflows, with FPIs pulling out Rs 23,885 crore in September, Rs 34,993 crore in August, and Rs 17,741 crore in July. However, June had witnessed strong inflows of Rs 14,590 crore.

On the market front, the benchmark indices closed marginally lower on Friday. The Nifty 50 slipped 0.07% to end at 25,492.30, while the Sensex declined 0.11% to close at 83,216.28.

Among key performers, Shriram Finance and Bajaj Finance topped the list of gainers in the Nifty pack, while Bharti Airtel and Tata Consumer Products led the losers.

Market sentiment remained mixed — the Nifty Midcap 150 index ended the day in the green, supported by notable gains in BSE and L&T Finance. However, the Nifty Smallcap 250 index slipped into the red, dragged down by sharp losses in Amber Enterprises and Latent View.

Analysts believe that the recent FPI buying could signal renewed confidence in Indian equities, amid improving global sentiment and resilient domestic growth indicators.