FPIs sold shares for Rs 1244 Cr, while DIIs added shares worth Rs 830 Cr.

By Consultants Review Team Tuesday, 14 November 2023

According to preliminary data available on the NSE, foreign institutional investors (FII) sold shares worth a net Rs 1,244.44 crore, while domestic institutional investors (DII) bought shares worth a net Rs 830.40 crore on November 13, 2023.

FIIs sold shares at a net Rs 7,604.27 crore in the month ending November 13, 2023, while DIIs acquired shares worth a net Rs 6,952.47 crore. FIIs sold shares worth a net Rs 29,056.61 crore in October, while DIIs added equities worth a net Rs 25,105.86 crore.

"The Nifty fell in the first hour of trading on November 13 to close almost at the intraday low."  Asian markets were neutral on Monday ahead of major US inflation data later this week, with traders fearful that the Federal Reserve may raise interest rates again. "European markets began the new trading week on a positive note, with investors anticipating high-stakes talks between the United States and China in the coming days," said Deepak Jasani, Head of Retail Research at HDFC Securities.

"Goldman Sachs has raised its rating on Indian stocks, citing the market's strategic appeal, strong quarterly results, and strong growth prospects." India is expected to provide the'most promising long-term growth opportunities in the area,' with the potential for mid-teens earnings growth in the coming years, fueled in part by its "largely domestic-oriented growth," according to Deepak Jasani. Previously, the NSE Nifty 50 down 82 points, or 0.42%, to 19,443.55, while the BSE Sensex fell 325.58 points, or 0.50%, to 64,933.87.

Foreign institutional investors (FII) or Foreign portfolio investors (FPI) are people who invest in a country's financial assets despite not being a citizen of that country. Domestic institutional investors (DII), on the other hand, invest in the country in which they live. Political and economic developments influence both FII and DII investment decisions. Furthermore, both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) can have an impact on the economy's net investment flows.

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