foreign institutional investors return as net buyers after long selling streak

Foreign institutional investors (FIIs) have recently started buying shares after a long period of selling. On November 25, they purchased shares worth Rs 9,948 crore. This change in behavior is attributed to positive market sentiment following the elections in Maharashtra and the MSCI rejig.

In contrast, domestic institutional investors (DIIs) have reversed their trend of buying and net sold shares worth Rs 6,908 crore. During the trading session, DIIs bought shares worth Rs 17,625 crore and sold shares worth Rs 24,533 crore. Year-to-date, FIIs have sold shares worth Rs 2.84 lakh crore, while DIIs have bought shares worth Rs 5.56 lakh crore.

In the past week alone, FIIs sold shares worth Rs 11,414 crore, bringing their total selling since October to Rs 1.55 lakh crore. The market responded positively to these developments, with the Sensex gaining 993 points and the Nifty surpassing 24,200, reflecting the clear mandate in Maharashtra.

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