Foreign institutional investors (FII) purchased shares worth a net of Rs 2,115.84 crore, while domestic institutional investors (DII) sold shares worth a net of Rs 1,317.56 crore on 18 July, according to the provisional data available on the NSE.
For the month till 18 July, FIIs bought shares worth a net of Rs 15,160.29 crore while DIIs sold shares worth a net of Rs 7,869.36 crore. In the month of June, FIIs bought shares worth a net of Rs 27, 250.01 crore while DIIs purchased equities worth a net of Rs 4, 458.23 crore.
“We expect the gradual up move in the market to continue given the positive macro and micro factors. We suggest investors to look for buy on dips strategy as the Q1 earning season is expected to be healthy. On the global front, Investors look ahead to a busy week of earnings, including quarterly results from some of the largest U.S. banks. Today’s (Tuesday) release of U.S. retail sales and IIP data would be important from U.S. Fed’s interest rate decision perspective,” Siddhartha Khemka added.
On Tuesday, the domestic benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs again and ended broadly in green. The Nifty 50 rose 37.80 points or 0.19% to close at 19,748.25 after making a new 52-week high of 19,819.45 intraday. The Sensex jumped 205.21 points or 0.31% to settle at 66,795.14 after hitting a fresh all-time high at 67,007.02 intraday. In sectoral indices, Nifty Bank fell 0.11%, Nifty IT gained 1.04%, Nifty Private Bank rose 0.04%, Nifty Financial Services fell 0.21%, Nifty PSU Bank slipped 1.28%, and Nifty Media soared 1.99%.
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.