Foreign institutional investors (FII) purchased shares worth net Rs 1,261.13 crore, while domestic institutional investors (DII) sold shares worth net Rs 1,032.92 crore on December 11, 2023, according to the provisional data available on the NSE.
For the month till December 11, 2023, FIIs purchased shares worth net Rs 12,135.85 crore while DIIs bought shares worth net Rs 4,741.63 crore. In the month of November, FIIs added shares worth net Rs 7,032.61 crore while DIIs added equities worth net Rs 226.28 crore.
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“Nifty ended mildly higher in the volatile session on December 11. Cash market volumes on the NSE remained above Rs 1.06 lakh cr. Broad market indices rose more than the Nifty even as the advance decline ratio rose to 1.46:1. Global equities posted small moves at the start of a busy week of economic data and central bank meetings that will test hopes among investors that interest rates will soon head lower. Nifty formed a fresh new high and made a higher bottom compared to the previous session. Nifty remained in a 97-point range through the day and ended with small gains. Nifty could stay in the 20850-21050 band for the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
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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.
