Foreign portfolio investors’ (FPIs) buying spree in Indian equities appears to be losing steam, with net investments of just Rs 468 crore in domestic markets last week, compared to Rs 7,804 crore in the preceding week. The benchmarks Sensex and Nifty 50 witnessed their first weekly loss in five weeks as investors took partial profits. However, inflows from FPIs were positive for the fourth consecutive month, with over $4bn invested in July, lower than June’s over $6bn inflows.
Vijay Kedia buys 9 lakh shares of SME stock Mahamaya Lifesciences in Rs 12.5 crore block deal
Ace investor Vijay Kedia acquired a significant stake in Mahamaya Lifesciences through a block deal. He purchased nearly 9 lakh shares at Rs 140 each.