Foreign institutional investors (FII) offloaded shares worth net Rs 2,333.03 crore, while domestic institutional investors (DII) added shares worth net Rs 1,579.28 crore on September 25, 2023, according to the provisional data available on the NSE.
For the month till September 25, 2023, FIIs sold shares worth net Rs 20,594.42 crore while DIIs bought shares worth net Rs 13,748.65 crore. In the month of August, FIIs offloaded shares worth net Rs 20,620.65 crore while DIIs added equities worth net Rs 25.16.95 crore.
“Markets have come under pressure in recent weeks as the US central bank hinted at more rate hikes in the future. This along with persistent selling by FIIs, rising crude prices, and a spike in bond yields dampened investors’ sentiments. We expect weakness to persist in the market amid cautiousness ahead of the monthly FNO expiry this week and economic data like India’s Infrastructure Output for the month of August US/UK Q2 GDP data and US/ China manufacturing PMI data to be released,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
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.