Foreign Institutional Investors (FIIs) made a concrete buying in the Indian stock market on Wednesday. FIIs invested Rs 12,350 crore in Indian equities which also includes a mega block deal of Adani Group-backed Adani Green Energy.
Whereas, domestic institutional investors (DIIs) extended their selling to Rs 1,021 crore. Due to robust buying in todays trading both Nifty and Sensex rallied to new lifetime highs. Foreign investors generated an inflow of Rs 12,350 crore as they brought equities valued Rs 21,017.34 crore and sold Rs 8,667.34 crore. Domestic investors on the other hand purchased equities worth Rs 13,978.21 crore and released Rs 14,999.22 crore worth of equities in the market.
In a mega block deal today, Goldman Sachs GQG Partners International Opportunities Fund invested Rs 1,099.81 crore in Adani Green Energy as per NSE data. Adani Family Trust sold shares worth Rs 4,140 crore in their flagship company Adani Enterprises whereas Infinite and Investment sold stakes in Adani Green worth Rs 4,232.13 crore. Sensex closed at 63,915.42 after breaching record high of 64,050.44 gaining a surge of 499.39 points or 0.79%. Nifty50 climbed by 154.70 points or 0.82% after touching record high of 19,011.25.
On the previous day Foreign Institutional Investors invested an amount of Rs 2,024.05 crore meanwhile Domestic Institutional Investors sold Rs 1,1991.35 crore.