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By Malvika Gurung
Investing.com — The selling spree of foreign portfolio investors or FPIs continues for the sixth consecutive month in March, however, the overseas investors offloaded the lowest amount on Monday, in over a month.
As per provisional data from NSE, foreign investors reported a net selling value of Rs 176.52 on Monday, the lowest FII outflow from Indian shares in over a month.
Domestic Institutional Investors (DIIs) made net purchases of Rs 1,098.6 crore on March 14.
Over the past 10 sessions in March, FPIs have pulled out funds valuing more than the outflows made in January and February.
As of March 14, foreign investors have pulled out a total of Rs 43,479.6 crore from domestic stocks, while domestic investors have made sustained net buyings of about Rs 31,427.7 crore.
In the past week, investors on Dalal Street added Rs 13 lakh crore to their wealth, led by a sharp recovery in Indian equities, as the headline gauges and gained 6.35% and 6.9%, respectively in the period.
Vinod Nair at Geojit Financial Services noted that the market is witnessing a shift in strategy from a tactical sell to a tactical buy.
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