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Bloomberg Quint

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Image Credit: Bloomberg Quint

FPIs Turn Buyers After A Day; DII Buying Soars After Bajaj Finserv Block Deal

  • Foreign portfolio investors turned net buyers of Indian equities on Friday, purchasing stocks worth Rs 1,009.7 crore, following a day of selling.
  • Domestic institutional investors continued as net buyers for the 14th consecutive session, investing Rs 9,342.5 crore in equities.
  • Bajaj Holdings & Investment Ltd. sold shares of Bajaj Finserv Ltd. worth Rs 2,002.21 crore through a block deal, leading to a significant surge in domestic buying.
  • Benchmark equity indices closed higher after the RBI Monetary Policy Committee reduced the key lending rate by 50 basis points, with NSE Nifty 50 up by 1.02% and BSE Sensex up by 0.92%.

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