Foreign institutional investors (FII) offloaded shares worth net Rs 2,034.14 crore, while domestic institutional investors (DII) added shares worth net Rs 1,361.02 crore on October 3, 2023, according to the provisional data available on the NSE.
For the month till October 3, 2023, FIIs sold shares worth net Rs 2,034.14 crore while DIIs bought shares worth net Rs 1,361.02 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.
On Tuesday, the benchmark domestic indices settled in negative territory. The NSE Nifty 50 fell 0.56% to settle at 19,528.75, while the BSE Sensex tumbled 316.31 points to 65,512.10.
“Equity indices logged losses amid a rise in the US bond yields and moderation seen in India’s manufacturing activity to five-month low of 57.5. Overall, the GST collections remained robust at Rs.1.62 lakh crores, indicating strong economic growth. However, given the global concerns of more US rate hikes along with 16-year high US 10-year bond yield and 7-month high Dollar Index, the sentiments remain dented and thus is resulting in profit booking. In the near term, we expect this weakness to persist with stock-specific action. Investors would continue to take cues from economic data to be release globally and domestically with all eyes on RBI monetary policy due on Oct 6th, Friday,” 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.