FII inflows cross Rs 50K cr in a month for the first time
For the first time, buying by foreign institutional investors (FIIs) has crossed Rs 50,000 crore in a month in November. There are six days still left to go in the month. Till November 24, FIIs have bought equities worth Rs 50,501.07 crore and on Tuesday they bought equities worth Rs 4,563.18 crore.
This funds binge by FIIs has led to Indian markets scaling new highs every passing day. While FIIs have been buying non-stop, domestic funds are selling off.