Mumbai: As stock markets globally went into a tailspin taking a USD 2.5-trillion hit within hours of the Brexit verdict, retail investors in India took a contrarian call by turning net buyers to purchase shares worth Rs 118 crore — the highest for a day so far this fiscal. What has come to be known as a ‘Black Friday’ for the markets worldwide, the day of Brexit referendum results on June 24 saw the stocks plunge sharply everywhere, including in India, where the benchmark Sensex lost nearly 1,100 points intra-day before closing the day with a 605-point crash.
This is the highest in over three months since March 23, when they made a net purchase of Rs 150 crore. Besides, it has been very rare in the recent past that the retail investors have made a net purchase of over Rs 100 crore in a single day — only four such occasions so far in the current fiscal.
The foreign portfolio investors were undoubtedly heavy sellers. They bought shares worth Rs 3,865.55 crore and sold Rs 4,494.69 crore worth shares — resulting in a net sale of Rs 629.14 crore.
