FII DII data: FPI sold shares worth Rs 1975.44 crore, DII bought shares worth Rs 1542.5 crore on December 16, 2022 Foreign institutional inventors (FII) sold shares worth a net Rs 1975.44 crore while domestic institutional investors (DII) purchased shares worth a net Rs 1542.5 crore on Friday, December 16, 2022, according to the data available on NSE. For the month till December 16, FII sold shares worth a net Rs 7,490.05 crore while DII bought shares worth a net Rs 10,551.62 crore. In the month of November, FIIs purchased shares worth a net of Rs 22,546.34 crore while DIIs offloaded equities worth a net of Rs 6,301.32 crore. 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. The investment decisions of both FIIs and DIIs are impacted by political and economic trends. Additionally, both types of investors — foreign institutional investors (FIIs) and domestic institutional investors (DIIs) — can impact the economy’s net investment flows. “Nifty fell for the second consecutive session on Dec 16 pulled down by weak global cues. Large day-end trades resulted in volumes touching a multi-week high. Nifty finally closed 0.79% or 145.9 points lower at 18269. Broad market indices fell more even as the advance-decline ratio remained low at 0.49:1. IT sector continued to face selling pressure as Nasdaq keeps getting sold off. Realty stocks came under selling pressure as rising rates could dampen demand for properties. Global markets were largely down as investors were worried that the resolve of central banks to continue their fight against inflation could tip the economy into a recession. Nifty lost 1.23% over the week and looks set to continue its downward move. 18088-18133 band is the next support while 18442 could be tough to breach in the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
The launched works involve rehabilitating the Galgamuwa Railway Station and upgrading the railway line from Maho to Anuradhapura, including additional tasks. Another project is the second phase of track rehabilitation from Maho to Omanthai (128 kms), funded by a $318 million Indian Line of Credit.
Transport Minister Gunawardena praised the efforts of Indian company IRCON in Sri Lanka and called for more cooperation in the railway sector. State Minister Shantha Bandara and officials from the Sri Lankan Ministry of Transport attended the event.
Railways is a priority for Indian assistance in Sri Lanka, with over $1 billion invested under five Indian Lines of Credit. IRCON has been involved in Sri Lanks since 2009. It has contributed to the modernisation of Sri Lanka Railways by reconstructing the entire railway line network in the Northern Province (253 Km) and upgradation of the Southern line (115 km), as well as improving safety through advanced signalling and telecommunication systems.
Despite Sri Lanka’s debt standstill in April 2022, India’s support under various Lines of Credit has continued.
(With PTI inputs)