Foreign institutional investors (FII) offloaded shares worth net Rs 700.28 crore, while domestic institutional investors (DII) added shares worth net Rs 497.21 crore on November 7, 2023, according to the provisional data available on the NSE.
For the month till November 7, 2023, FIIs sold shares worth net Rs 4,111.08 crore while DIIs bought shares worth net Rs 3167.51 crore. In the month of October, FIIs offloaded shares worth net Rs 29,056.61 crore while DIIs added equities worth a net Rs 25,105.86 crore.
“Market has shown resilience at lower levels, despite subdued global environment. We expect market to gradually move upwards given strong Indian economy and heathy earning season. Investors now await US Fed Chair Powells commentary which is scheduled on Thursday for future direction. Also China’s CPI data would be closely watched,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Previously on Tuesday, the NSE Nifty 50 slipped 5.05 points or 0.03% to settle at 19,406.70, while the BSE Sensex dropped 16.29 points or 0.03% to 64,942.40. The broader indices ended largely in green with the gains led by Nifty Next 50 and Smallcap stocks. Bank Nifty index added 118.50 points or 0.27% to 43,737.90.
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.