Foreign Portfolio Investors (FPIs) continue to dump shares in the Indian markets even as domestic institutions continuing buying.
In fact, were it not for some serious buying by domestic institutions (DIIs) markets would have fallen dramatically.
On Wednesday, domestic institutions bought shares worth Rs 1454 crores, while FPIs pressed sales of almost Rs 1700 crores. This has been the trend for the last 10 days and the same has not changed.
Dealers say that DII may continue to buy as liquidity is pretty strong with them. However, FPIs which have been constantly selling may continue to do so. Global trends have remained worrisome in the last few days and aggressive selling by them has led to the Sensex sinking from levels of 30,000 points to the current levels of 26,700 points.
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