Major buying by Foreign Institutional Investors, ₹15,000 crore poured into Indian shares

According to a report by The Economic Times, there has been a massive comeback by Foreign Institutional Investors (FII) in the Indian stock market. On Thursday, foreign institutional investors made a massive investment of ₹14,975 crore in Indian equities. This purchase has proven to be the largest single-day purchase in over a year.

Market sentiment turned extremely positive due to this aggressive inflow of buying. Investor enthusiasm doubled due to the softening of crude oil prices and improving global cues. As a result of all these factors, a wave of bullishness swept through the market, and Nifty saw a strong jump of 2.4 percent.

This record-breaking purchase by foreign investors has infused new energy into the Indian stock market. Market experts and trackers are keeping a constant watch on the movements of Nifty and Sensex. Amidst the budget and other economic issues, this flow of foreign funds is being considered extremely important for the market.

Falling crude oil prices have also contributed significantly to this entire sequence of events, which created a favorable environment for investors globally. This staggering single-day purchase by foreign institutional investors has broken all previous records of the market and has instilled new confidence among investors.