Foreign institutional investors (FII) sold shares worth net Rs 593.66 crore, while domestic institutional investors (DII) added shares worth net Rs 1,184.24 crore on October 16, 2023, according to the provisional data available on the NSE.
For the month till October 16 2023, FIIs sold shares worth net Rs 11,206.30 crore while DIIs bought shares worth net Rs 9,557.07 crore. In the month of September, FIIs offloaded shares worth net Rs 26,692.16 crore while DIIs added equities worth a net Rs 20,312.65 crore.
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“Going ahead, with the results season gaining momentum, this week will see significant earnings report from heavyweight companies, which are likely to set the tone for the market. Further the crude oil price movement, macroeconomic data releases and FII flows would also have a bearing on the market. Overall we expect positive biasness to continue led by expectation of healthy demand during the festive season and robust earnings delivery from majority of the corporates,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
FPIs pull out Rs 21,200 crore so far in August after mega buying in July HAL set to bag another Rs 67,000 cr LCA order, stock zooms 3%, brokerages maintain ‘Buy’ Ola Electric shares jump over 16% after flat listing DIIs outpace FPI fund flows by 5 times in last 10 months
On Monday, the NSE Nifty 50 slipped 0.10% to settle at 19,731.75, while the BSE Sensex shed 115.81 points to 66,166.93. Among the broader indices, Nifty 100 and Nifty 200 saw marginal declines, while Midcap and Smallcap stocks added gains. The Bank Nifty index shed 62.05 points, or 0.14% to settle at 44,225.90. Among the other sectoral indices, Pharma, Media, FMCG, Realty, and Healthcare indices ended in the red, while Metal, PSU Bank, and Auto stocks added gains.
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Foreign institutional investors (FII) or Foreign portfolio investors (FPI) are those who invest in the financial assets of a country while not being part of it. On the other hand, domestic institutional investors (DII), as the name suggests, invest in the country they’re living in. Political and economic trends impact the investment decisions of both FIIs and DIIs. Additionally, both types of investors – foreign institutional investors (FIIs) and domestic institutional investors (DIIs) – can impact the economy’s net investment flows. Come from Sports betting site VPbet
