FIIs settle this week as net buyers with inflow of ₹971 crore in stocks; DIIs surpass with ₹1,940 crore inflow
1 min read 09 Jun 2023, 06:16 PM ISTDomestic institutional investors outperformed foreign investors with strong buying on Friday, leading to a higher inflow of ₹1,245.51 crore. While FIIs snapped their three-consecutive days winning streak and offloaded nearly ₹309 crore in Indian equities, DIIs pumped in over ₹1,245 crore.
PremiumBoth FIIs and DIIs ended the current week as net buyers. However, domestic institutional investors outperformed FIIs with strong buying on Friday. On June 9, FIIs snapped their three-consecutive days winning streak and offloaded nearly ₹309 crore in Indian equities. On the other hand, DIIs pumped in over ₹1,245 crore. Sensex and Nifty 50 closed the week with a marginal downside.
As per NSE's data, on Friday, foreign institutional investors (FIIs) made a purchase of ₹13,631.62 crore, while they offloaded ₹13,940.59 crore worth of equities. Hence, the outflow was at ₹308.97 crore.
Meanwhile, DIIs buying value was at ₹6,234.12 crore and selling value at ₹4,988.61 crore registering an inflow of ₹1,245.51 crore.
Sensex ended at 62,625.63, down by 223.01 points or 0.35%. Nifty 50 ended at 18,563.40 lower by 71.15 points or 0.38%. In the latest session, IT, FMCG, consumer durables, and metal stocks were the top laggards, while capital goods saw major buying.
On the current performance, Ajit Mishra, SVP - Technical Research, Religare Broking said, Markets edged lower and lost nearly half a percent, in continuation to the previous session’s fall. After the flat start, the Nifty gradually inched lower as the day progressed and finally settled around the day’s low at 18,563.40 levels. The majority of sectors aligned with the benchmark move and ended lower wherein IT, FMCG, and auto were among the top losers. The broader indices too witnessed profit taking and settled marginally in the red.
Overall, in the current week, FIIs have invested ₹970.73 crore in Indian equities. However, DIIs outperformed their counterparts with a much higher inflow of ₹1939.76 crore.
So far, in June, DIIs hold an upper hand when it comes to adding more money to domestic equities. DIIs inflow is around ₹3,010.54 crore, while FIIs are also net buyers but with a meager ₹240.78 crore.
In the month of May, FIIs made their biggest monthly buying of 2023 as of now, to ₹27,856.48 crore. However, DIIs were net sellers with an outflow of ₹3,306.35 crore, as per Stock Edge data.
Going ahead, for next week, Mishra said, Indications are pointing towards a further slide in the Nifty index however downside also seems capped citing support at 18,400 levels. We recommend focusing more on position management during the corrective phase and preferring sectors/stocks that are showing relatively higher strength.
"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!
