FIIs mark biggest single day buying of shares since May

Written by Reuters | Updated: Nov 1 2013, 15:05pm hrs
Foreign institutional investors FIIsFIIs bought 157.06 billion rupees worth of Indian shares in October. AP
Foreign institutional investors (FIIs) bought Indian shares worth 18.75 billion rupees on Thursday, their biggest single-day purchase since May 21, remaining net buyers for a 20th consecutive session, bringing their total buying to nearly 181.92 billion rupees ($2.96 billion) during that period.

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FIIs bought 157.06 billion rupees worth of Indian shares in October, to mark their second consecutive monthly buying, helping India's benchmark index to make a record closing high on Thursday.

The BSE Sensex also gained 9.2 percent in October, its biggest monthly gain since January 2012 on strong foreign inflows as a delay in the US Federal Reserve's tapering of monetary stimulus led to a surge of money in risk assets.