Foreign institutional investors (FII) offloaded shares worth net Rs 421.77 crore, while domestic institutional investors (DII) added shares worth net Rs 1,032.02 crore on October 11, 2023, according to the provisional data available on the NSE.
For the month till October 11, 2023, FIIs sold shares worth net Rs 9,067.08 crore while DIIs bought shares worth net Rs 6,943.63 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.
“However, a rally in European stocks stalled due to disappointing corporate news. Net investments into actively managed equity schemes in India declined 30.4% over the previous month to Rs 14,091.3 crore in September. Inflows eased on account of drop in small-cap fund investments and continued outflows from large-cap schemes,” Deepak Jasani added.
On Wednesday, the NSE Nifty 50 gained 0.62% to settle at 19,811.35, while the BSE Sensex added as much as 393.69 points to 66,473.05.
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.