Foreign institutional investors (FII) offloaded shares worth net Rs 1,564.03 crore, while domestic institutional investors (DII) sold shares worth net Rs 9.66 crore on December 7, 2023, according to the provisional data available on the NSE.
For the month till December 7, 2023, FIIs sold shares worth net Rs 7,242.42 crore while DIIs bought shares worth net Rs 6,208.57 crore. In the month of November, FIIs added shares worth net Rs 5,795.05 crore while DIIs added equities worth net Rs 12,762.14 crore.
“After a sharp rally seen over the last seven days, the market saw some profit booking ahead of RBI policy and US Nonfarm payroll data. Domestically, all eyes will be on the RBI policy outcome that is scheduled today. Its commentary would hold importance with regards to interest rate movement. Globally as well investors await key US Nonfarm payroll and unemployment rate data that will be released on Friday and will be important for US fed’s decision making. Overall, the undertone of the market remains positive over medium to long term given the return of FIIs, strong macro data and healthy corporate earnings,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
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.