FIIs invested $3 bn in equities in November

Foreign institutional investors invested $3 billion in Indian equities in November, the highest since March, but are likely to take further cues from the US Federal Reserve’s policy meeting later this month.

The Sensex touched a record 33,865.95 points on 7 November, and has since shed 3.05% to 32,832.94 points on 30 November. Year to date, it is up 23.3%.

The net November FII investment of $3.05 billion is the highest since the $5.1 billion in March. Their net investment so far this year stands at $8.86 billion.

Data from Bloomberg showed that FIIs sold a net of $1.4 billion, $661.5 million, and $1.5 billion of equities of South Korea, Indonesia and Taiwan in the last one week. In contrast, they bought India shares the most in the region at $489.4 million.

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