FIIs extend selling in Indian equities, outflow of ₹659 crore on 2 June; DIIs stay as net buyers
FIIs have started June with a selling bias, with outflows of nearly ₹659 crore ($88.6m) on Friday, while DIIs have become net buyers, with a net inflow of ₹582 crore on the same day. FIIs made strong buying in May month, making it the highest investment of 2023 so far.
A reverse trend is being seen in foreign institutional investors (FIIs). After strong buying in May, FIIs kickstarted June month with a selling bias and extended their outflow to nearly ₹659 crore on Friday. On the contrary, domestic institutional investors (DIIs) have become net buyers in the first two days of the current month. An inflow of nearly ₹582 crore has been registered from DIIs on June 2nd.
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