India's Nifty 50 +8.58% week: FPIs bought a record ~$4.9B and DIIs sold about 53% of it back
India's Nifty 50 rose 8.58% last week, its best week since early 2021, while tech-heavy Asian markets sold off on AI worries.
Foreign investors bought a record ₹45,960 crore (about $4.9 billion) and domestic institutions sold ₹24,197 crore, roughly 53% of it right back to them. Being light on AI stocks turned out to be a feature for once.
https://www.business-standard.com/markets/news/street-basks-in-diwali-glow-benchmark-indices-post-best-week-in-6-years-126110602064_1.html
Sources: Reuters: Indian stocks buck global tech rout, post best week in 6 years; limited AI exposure helps · Mint: Nifty +8.58% in Nov 2-6 week; rupee above the 94.00 mark on FII buying · @WallStreet2Web3: Sensex surged 6,568 points; Nifty reclaimed 25,000; best weekly gain in six years
Not financial advice. For informational and educational purposes only.
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