08 Feb , 2023 By : Monika Singh
Foreign institutional investors (FII) sold shares worth a net Rs 2559.96 crore while domestic institutional investors (DII) bought shares worth a net Rs 639.82 crore on Tuesday, February 7, 2023, according to the data available on NSE. For the month till February 7, FIIs sold shares worth a net Rs 5,990.68 crore while DIIs bought shares worth a net Rs 6,008.48 crore. In the month of January, FIIs sold shares worth a net of Rs 41,464.73 crore while DIIs purchased equities worth a net of Rs 33,411.85 crore.
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.
The domestic equity indices ended the previous session on a negative note with BSE Sensex falling 220.86 points or 0.37% to 60,286.04 and NSE Nifty 50 dipping 43.10 pts or 0.24% to 17,721.50.
“The MPC is likely to raise policy rates by 25 bp today. This is known to the market and is unlikely to have any meaningful impact on the market. The important trends impacting markets globally are the developments in the US economy and rate action by the Fed. The unabated FII selling – Rs 7774 crores in the last 3 sessions- is the biggest drag on the market now. In this context, traders will also use rallies to sell. What investors should do now is to buy high-quality stocks in growth segments like banking, IT, capital goods, telecom and cement and bottom-up investing across sectors. Patient investing now will fetch impressive returns in the medium to long term.
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