In the last six months, foreign institutional investors have pulled out a huge chunk of money. Since the last interim budget presented by Nirmala Sitharaman, FIIs have become net sellers of more than Rs 63,400 crore in the equity cash segment.
From February 2023 till July 22, 2024, FIIs have pulled out more than 74,240 crore from equity’s cash segment. During this time frame, FIIs became the highest net sellers in the month of May 2024 selling securities worth Rs 42,214 crore. At that time, the FIIs took a short bet on the Indian markets. Meanwhile, domestic institutional investors bought a whopping Rs 55,733 crore in May 2024.
Similarly, FIIs became net sellers of Rs 35,692 crore in April 2024, at the same time, DIIs were net buyers of Rs 44,186 crore.
DII Flow
The DIIs flow tells a different story, they have put in more than Rs 2 lakh crore from the last budget till the interim budget presented in February 2024. Further, they have bought for over Rs 3.84 lakh crore between February 2023 and July 22, 2024.
Sensex and Nifty level to watch
In the interim budget presented by Nirmala Sitharaman, the domestic equity indices closed on a negative note. The BSE Sensex dipped 107 points, or 0.15%, closing the session at a level of 71,645, while the Nifty 50 pulled back over 28 points, or 0.13%, to close the day at 21,697.45.
On February 01, 2023, the Indian equity indices ended the budget session on a mixed note. The 30-stocks compiled index inched up 158 points, or 0.27%, to close at 59,708. Meanwhile Nifty fell 46 points, or 0.26%, to end the session at 17,616.30.