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A Day Before Budget, Foreign Investors Infuse The Most Into Equities In Nearly Two Months
Foreign investors bought stocks worth Rs 3,000 crore a day before budget.
01 Feb 2019, 07:16 AM IST 
An illuminated neon electronic sign displaying a U.S. dollar symbol (Photographer: Alexander Zemlianichenko Jr./Bloomberg)
A day before the budget, foreign investors infused the highest amount in a single day into Indian equities in nearly two months.
Foreign portfolio investors bought stocks worth Rs 3,006 crore today, according to provisional data on the the National Stock Exchange’s website—the final number could change marginally. Still, that’s the most since Dec. 7. That could turn overseas investors net buyers for the third straight month.
According to data with National Securities Depository Ltd.:
- Foreign investors sold equities worth Rs 960 crore this month till Jan. 30.
- Inflows could exceed the Rs 2,000-crore mark in the month, marking the third straight month of net buying.
- Total outflows for 2018 was over Rs 33,000 crore.
- Equity inflow in November and December 2018 was Rs 5,981 crore and Rs 3,143 crore, respectively.
The benchmark Nifty 50 closed 1.68 percent higher today, the biggest single-day gain since the second week of December. The index declined 0.3 percent in January.