Foreign institutional investors (FII) offloaded shares worth net Rs 317.46 crore, while domestic institutional investors (DII) purchased shares worth net Rs 1,729.19 crore on August 3, 2023, according to the provisional data available on the NSE.
For the month till August 3, 2023, FIIs sold shares worth net Rs 2,288.15 crore while DIIs bought shares worth net Rs 2,762.65 crore. In the month of July, FIIs bought shares worth net Rs 13,922.01 crore while DIIs sold equities worth net Rs 1,184.33 crore.
“Indian equities saw profit booking for the third consecutive day amid weak global cues ahead of BOE interest rate decision. Nifty opened lower and remained in negative territory throughout the session to close with a loss of 145 points (-0.7%) at 19,382. Except for Pharma, weakness was seen across the sectors. Realty, Financial Services and Oil & Gas were top laggards. Domestic market continued to witness downward pressure as investor’s sentiments turned sour in the wake of the rating agency Fitch’s decision to downgrade the US credit rating,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
“Going forward, markets will take cues from BOE interest rate decision outcome along with the important macro data like US Jobless Claims, Service PMI, and non- manufacturing PMI to be released today (Thursday). Overall, the trend of the market remains positive with the current decline to be utilized as a buying opportunity,” Siddhartha Khemka added.
On Thursday, indices, NSE Nifty 50 and BSE Sensex continued their downward trend from the previous session and ended Thursday’s trading session in the red zone. The NSE Nifty 50 crashed 144.90 points or 0.74% to 19,381.65 and the 30-share Sensex tumbled 542.10 points or 0.82% to 65,240.68. Among the broader market indices- Nifty Next 50 sank 0.74% and Nifty 100 plunged 0.70%, while Nifty Midcap 50 gained 0.139%, and Nifty Smallcap 100 rose 0.12%. The volatility index, India VIX surged 0.82%. In sectoral indices, Bank Nifty tanked 1.07%, Nifty Auto fell 0.32%, Nifty Financial Services tanked 1.17%, Nifty IT slipped 0.24%, Nifty Metal fell 0.47% and the Nifty Realty Index tanked 1.78% while Nifty Media surged 0.91%, Nifty Pharma soared 1.04% and Nifty Healthcare Index jumped 0.68%. The top gainers on Nifty 50 were Adani Enterprise, Adani Ports & Special Economic Zone, Eicher Motors, Divi’s Labs and Hindalco Industries, while the top losers were Titan Company, ONGC, Bajaj Finserv, ICICI Bank and Nestle India.
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.