FIIs net buy ₹9,947.55 cr ending 38-day sell streak; DIIs sell ₹6,908 cr

Foreign Institutional Investors (FIIs) turned net buyers in the equity market today, purchasing ₹9,947.55 crore worth of equities (provisional). This marks a significant shift, ending a 38-session streak of net selling.

Meanwhile, Domestic Institutional Investors (DIIs) net sold equities worth ₹6,907.97 crore (provisional), according to data.

#FundFlow | #FIIs net buy ₹9,947.55 crore while #DIIs net sell ₹6,907.97 crore in equities today (provisional)

– CNBC-TV18 Alert: FIIs buy in the cash market after selling for 38 consecutive sessions pic.twitter.com/WNQ8d0QQ7d

— CNBC-TV18 (@CNBCTV18Live) November 25, 2024

Experts believe that this move is influenced by the recent MSCI (Morgan Stanley Capital International) rebalancing. The changes in MSCI led to the purchase of around $200 million worth of shares in Indian markets. As part of this rebalancing, FIIs bought 21.4 crore shares of HDFC Bank, valued at approximately ₹38,164 crore.

Also read: HDFC Bank shares hit record high after second tranche of MSCI flows — What should you do next

This development signals a potential revival of FII confidence in the Indian equity market.

Stay tuned for more details soon.