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%.