Foreign institutional investors (FII) offloaded shares worth net Rs 1,244.44 crore, while domestic institutional investors (DII) added shares worth net Rs 830.40 crore on November 13, 2023, according to the provisional data available on the NSE.
For the month till November 13, 2023, FIIs sold shares worth net Rs 7,604.27 crore while DIIs bought shares worth net Rs 6,952.47 crore. In the month of October, FIIs offloaded shares worth net Rs 29,056.61 crore while DIIs added equities worth a net Rs 25,105.86 crore.
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“Nifty declined in the first hour of trade on November 13 to end almost at the intra-day low. Asian markets were mixed Monday ahead of key US inflation data later in the week, with traders still concerned the Federal Reserve could lift interest rates again. European markets made a positive start to the new trading week, with investors looking ahead to high stakes talks between the US and China in the next few days,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
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“Goldman Sachs has upgraded shares in India, citing the market’s strategic appeal, healthy quarterly results and strong growth prospects. India is anticipated to offer the ‘most promising long-term growth opportunities in the area,’ with the potential for mid-teens earnings growth in the coming years particularly driven by its ‘largely domestic-oriented growth,” Deepak Jasani added.
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Previously, on Monday, the NSE Nifty 50 dropped 82 points or 0.42% to settle at 19,443.55 while the BSE Sensex dropped 325.58 points or 0.50% to 64,933.87. Come from Sports betting site VPbet
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.
