Markets see largest one-day FII pull-out of Rs 5,300 crore

Interestingly, net buying by domestic institutional investors showed a sharp spurt of Rs 5,196 crore

Foreign investors on Thursday offloaded shares worth Rs 5,328 crore — the largest in a single session — but the markets managed to end with gains, thanks to support from domestic institutions. 

Provisional data from stock exchanges showed foreign institutional investors (FIIs) extended their selling streak for a ninth straight day. Foreign funds pulled out Rs 9,900 crore during the period.

Interestingly, net buying by domestic institutional investors (DIIs) showed a sharp spurt of Rs 5,196 crore. The market buzz suggested state-owned Life Insurance Corporation (LIC) and some large mutual funds (MFs) went aggressive.

“In the past seven sessions, the