Foreign institutional investors (FII) purchased shares worth net Rs 1,589.61 crore, while domestic institutional investors (DII) added shares worth net Rs 1,448.08 crore on December 1, 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.
“FPIs have reversed their selling strategy in India. Decline in US bond yields and the resilience of the Indian market have forced the FPIs to halt their selling. During the last six days, FPIs were consistent buyers in India. In November, as per NSDL data, FPI inflows have turned positive with a net buy figure of Rs 9000 crores even though they sold in the cash market for Rs 368 crores. The total buy figure for 2023, so far, now stands at Rs 104972 crores,” said V K Vijayakumar, Chief Investment Strategist at Geojit 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.
