Mumbai, Sep 6 (IANS): Foreign Portfolio Investors (FPIs) continued to invest in the Indian equities market in the week ended Sep 5.

The FPIs bought shares worth $739.41 million or Rs.4,475.87 crore during the week ended Sep 5, according to data with the National Securities Depository Limited (NSDL).

The foreign institutional investors (FIIs) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Securities and Exchange Board of India (SEBI)to create a new investor category called FPIs.

The FPIs had remained net buyers Friday. They bought shares worth $286.54 million, or Rs.1,732.29 crore, on Sep 4, they poured in Rs.1,314.71 crore, or $216.91 million in the Indian equities markets.

The NSDL data further showed that the FPIs, continued their buying spree on Sep 2 and Sep 3 when they invested $144.05 million and $91.91 million respectively in the markets here.

The buying by FPIs made the benchmark Sensex gain 1.45 percent in the week ended Sep 5 from its previous weekly close on Aug 28. The index closed at 27,026.70 points, while it ended trade at 26,638.11 points on Aug 28.

The market made gains or remained flat during the past ten trading sessions. It only made losses on Sep 4 and Sep 5.

The markets breached the new psychological levels of 27,000-points in the Sensex and 8,000-points in Nifty during the week under review. The Sensex gained in five out of nine consecutive sessions.

On Sep 1, the 50-scrip Nifty of the National Stock Exchange (NSE) crossed the 8,000-mark for the first time and hit a record high of 8,035 points.

On Sep 2, the 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE)breached the 27,000-mark for the first time.

The FPIs, had bought shares worth $3.87 billion in August, with the trade for the week ended Aug 28 at yet another record high.

This investment of $3.87 billion or Rs.23,539.61 crore too led the Indian equities markets touch new highs in August.

The FPIs had poured in Rs.13,110.42 crore or $2.18 billion in to the Indian equities market in July.

Expectations of stable GDP growth figures coupled with an overall expectation of a further reform push by the new government have led to positive investor sentiments.