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Domestic institutions turned net buyers last month


DII’s bought highest in March 2021 after May 2020
DII’s sold Rs23124cr in Q4FY21 vs selling of over Rs1lk cr in Q3FY21
Domestic Institutional Investors bought Rs 5204 crore worth of Indian equities during the last month of the previous financial year. It marked the first such monthly buying since July 2020 and also the largest since May 2020. They were net buyers in only September 2020 from July 2020 to February 2021. Equity mutual funds have witnessed an outflow for 8 months in a row, Association of Mutual Funds in India data showed.
However, domestic investors bought nearly Rs 9000 crore during the last week of March 2021. The selling by domestic institutions also reduced to Rs 23124 crore during Q4FY21 from over Rs 1 lakh crore in Q3FY21. ET Now’s Managing Editor, Nikunj Dalmia, caught up with Nilesh Shah, Managing Director, Kotak Asset Management and A Balasubramanian, Chief Executive Officer, Aditya Birla Sunlife Asset Management to understand if the selli ....

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Birla Sun Life plans to raise ₹5,000 crore from share sale

Birla Sun Life plans to raise ₹5,000 crore from share sale
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Aditya Birla Sun , Aditya Birla Sun Life Asset Management ,

Bull run loses steam as FPIs go on selling spree


Bull run loses steam as FPIs go on selling spree
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Last Updated: Jan 26, 2021, 10:53 AM IST
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Synopsis
Foreign portfolio investors (FPIs) extended their selling to a second day, raising concerns that the strong bout of inflows that pushed the market to record highs could be over for the moment.
The Sensex fell 530.95 points or 1.1% to close at 48,347.59 and the Nifty declined 133 points or 0.93% to close at 14,238.90.
MUMBAI: Indian stock indices slid 1% on Monday led by heavyweight Reliance Industries Ltd, which dropped 5% after the conglomerate’s revenue from oil and chemicals declined in the December quarter. Foreign portfolio investors (FPIs) extended their selling to a second day, raising concerns that the strong bout of inflows that pushed the market to record highs could be over for the moment. ....

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