Foreign institutional investors (FII) offloaded shares worth net Rs 696.02 crore, while domestic institutional investors (DII) added shares worth net Rs 340.25 crore on October 31, 2023, according to the provisional data available on the NSE.
“Going forward, US Fed policy outcome which is due on Wednesday would provide cues to the market. Investors would also watch out for economic data including Europe core CPI, US Consumer confidence, India, US and UK PMI, and US nonfarm employment that will be released Wednesday. Auto sector will be in focus as OEMs are expected to report healthy volume growth for month October as management commentary suggest strong sales during the Navratri festival,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Previously on Tuesday, the NSE Nifty 50 dropped 61.30 points or 0.32% to settle at 19,079.60, while the BSE Sensex tumbled 237.72 points or 0.37% to 63,874.93.
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.
