FIIs stay as net buyers for 6th day in row, invests ₹1,415 cr in equites on 4th May; DIIs inflow over ₹441 cr
Indian market surged on Thursday owing to stellar performance in banking stocks, Q4 earnings, and consistent foreign funds inflow. FIIs have stayed as net buyers for 6th day in a row, while DIIs halted a two-days selloff in equities to turn buyers today.
Foreign institutional investors (FIIs) continued to show a healthy appetite for Indian equities for 6th day in a row with an investment of nearly ₹1,415 crore on Thursday. However, domestic institutional investors (DIIs) halted their 2-days losing streak and also pumped in more than ₹441 crore in domestic stocks. Sensex and Nifty 50 gained by nearly a percent today as traders take comfort from a dovish 25 bps hike from US Fed and commentary on the banking crisis.
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