Foreign institutional investors (FII) offloaded shares worth net Rs 1,005.49 crore, while domestic institutional investors (DII) added shares worth net Rs 1,963.34 crore on October 10, 2023, according to the provisional data available on the NSE.
For the month till October 10, 2023, FIIs sold shares worth net Rs 8,645.31 crore while DIIs bought shares worth net Rs 5,911.61 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.
“Markets made a strong comeback as the US Dollar and the US Treasury yields dived amidst dovish Fed bets. The positive takeaway was that benchmark Nifty recouped all of its last 2-days losses and, most importantly, ended at day’s high as bulls joined the positive global cues. Focus however stayed on geopolitics after Israel Defense Forces said that dozens of fighter jets attacked more than 200 targets in Gaza overnight. Technically, Nifty’s biggest hurdles for Wednesday’s trading session is seen at the 19,877 mark, while on the downside, the biggest support is seen at 19471 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Previously on Tuesday, the NSE Nifty 50 rose 0.91% to settle at 19,689.85, while the BSE Sensex added as much as 566.97 points to 66,079.36.
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.