Domestic institutional investors turn buyers after selling streak

Nov 29 2013, 15:48 IST
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DIIs sold shares worth 16.12 billion rupees in the previous 12 sessions till Nov. 21. Reuters DIIs sold shares worth 16.12 billion rupees in the previous 12 sessions till Nov. 21. Reuters
SummaryDIIs bought shares worth Rs 3.3 bn, snapping a selling streak of at least 12 days.

Domestic institutional investors (DIIs) bought shares worth 3.30 billion rupees ($52.88 million) on Thursday, snapping a selling streak of at least 12 days, according to the most recent available exchange and regulatory data.

Quotes: Markets Top Gainers, Markets Top Losers

DIIs sold shares worth 16.12 billion rupees in the previous 12 sessions till Nov. 21, according to available data on market regulator SEBI's website, heading towards their third successive month of sales.

Traders say buying by domestic investors, if sustained, would brighten prospects for shares after foreign institutional investors (FIIs) pumped in a net $6 billion into cash shares since late August.

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