FII, DII data- FPIs sold shares worth Rs 1862 cr, DIIs bought shares worth Rs 1532 cr on October 12, Thursday

FII, DII data: FPIs sold shares worth Rs 1862 cr, DIIs bought shares worth Rs 1532 cr on October 12, Thursday

Foreign institutional investors (FII) offloaded shares worth net Rs 1,862.57 crore, while domestic institutional investors (DII) added shares worth net Rs 1,532.08 crore on October 12, 2023, according to the provisional data available on the NSE.

For the month till October 12 2023, FIIs sold shares worth net Rs 10,929.65 crore while DIIs bought shares worth net Rs 8,475.71 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.

“Markets ended marginally lower in a sluggish trading session as frontline IT stocks led the fall after a lower-than-expected TCS results dampened the sentiment and fuelled a major sell-off. The lacklustre trend with a negative bias was seen despite optimism across the global equities on hopes interest rates could remain steady in view of global macro-economic woes. Technically, after a muted opening benchmark Nifty witnessed a range bound activity near the 20-day SMA (Simple Moving Average) and has formed a small candlestick formation. For traders, 19,750-19,700 would be key support levels while 19,850-19,900 would act as important resistance areas,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities.

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.