Foreign institutional investors (FII) offloaded shares worth net Rs 1877.84 crore, while domestic institutional investors (DII) sold shares worth net Rs 2.23 crore onAugust 2, 2023, according to the provisional data available on the NSE.
For the month till August 2, 2023, FIIs sold shares worth net Rs 1,970.69 crore while DIIs bought shares worth net Rs 1,033.46 crore. In the month of July, FIIs bought shares worth net Rs 13,922.01 crore while DIIs sold equities worth net Rs 1,184.33 crore.
“However, strong GST collection in the month of July and a surge in domestic core output data kept the downside in check. Going ahead, markets could remain subdued given the gloomy global environment. Stock-specific action is likely to continue in the market with the ongoing result season,” Siddhartha Khemka added.
On Wednesday, the benchmark indices NSE Nifty 50 and BSE Sensex tanked over 1% and ended in the red zone. The NSE Nifty 50 sank 207 points or 1.05% to 19,526.55, and the 30-share Sensex tanked 676.53 points or 1.02% to 65,782.78. Among the broader market indices- Nifty Next 50 sank 1.35%, Nifty 100 fell 1.08%, Nifty Midcap 50 plunged 1.40%, and Nifty Smallcap 100 sank 1.58%. The volatility index, India VIX soared 9.67%. In sectoral indices, Bank Nifty tumbled 596.80 points or 1.31% to 44,995.70, Nifty Auto plunged 1.66%, Nifty PSU Bank sank 2.61% and Nifty IT fell 0.81%. The top gainers on Nifty 50 were Divis Laboratories, Nestle India, Hindustan Unilever, Asian Paints and Tech Mahindra while the losers were Hero Motocorp, Tata Steel, Tata Motors, Bajaj Finserv and NTPC.
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.