Foreign institutional investors (FII) offloaded shares worth net Rs 1,761.86 crore, while domestic institutional investors (DII) added shares worth net Rs 1,328.47 crore on October 30, 2023, according to the provisional data available on the NSE.
For the month till October 30, 2023, FIIs sold shares worth net Rs 28,360.59 crore while DIIs bought shares worth net Rs 24,765.61 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.
“Asia-Pacific markets started the week mixed ahead of key economic data like monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong. European shares opened higher on Monday after a mixed trading session in Asia ahead of a Federal Reserve decision this week on interest rates. Israel’s push into Gaza stirred fears of a wider conflict. Nifty rose for the second consecutive session on October 30 but on low volumes. It could now inch upwards, but need volume boost to sustain the rise. Nifty could stay in the 19,229-19,041 band for the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
Previously on Monday, the NSE Nifty 50 soared 93.65 points or 0.49% to settle at 19,140.90, while the BSE Sensex climbed 329.85 points or 0.52% to 64,112.65.
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.