Foreign institutional investors (FII) purchased shares worth net Rs 8,147.85 crore, while domestic institutional investors (DII) sold shares worth net Rs 780.32 crore on November 30, 2023, according to the provisional data available on the NSE. In the month of November, FIIs bought shares worth net Rs 5,795.05 crore while DIIs added shares worth net Rs 12,762.14.
“Markets were volatile on the expiry day, but Dow Jones Futures indicating positive start for US markets and gains in other Asian indices helped local markets clock modest gains at close. However, caution prevailed amongst the investors ahead of the exit poll results of five states later today, and the market could see a knee-jerk reaction in the next trading session,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
The benchmark equity indices ended higher on Thursday. The NSE Nifty 50 advanced 36.55 points or 0.18% to settle at 21,133.15, while the BSE Sensex added 86.53 points or 0.13% to 66,988.44. Bank Nifty index dropped 84.70 points or 0.19% to settle at 44,481.75. The broader indices ended in positive territory, with gains led by Smallcap and Midcap stocks. Healthcare and Pharma stocks outperformed the other sectoral indices while Banking, Metal and IT stocks faced downward trend.
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.
