DII & FII data: FII offloaded shares worth 5,122 crore on NSE

#BSE #NSE #ShareMarket

Foreign institutional investors (FIIs) sold shares worth net Rs 5,122.65 crore
Domestic institutional investors (DIIs) bought shares worth net Rs 3,809.62 crore
BSE Sensex fell 323.34 points or 0.55% to 58,340.99 while the Nifty50 was down by 88.30 points or 0.50% to 17,415.05

Written By:Yash

Updated: November 24 2021 05:43:25 PM ET

Foreign institutional investors (FIIs) sold shares worth net Rs 5,122.65 crore, while domestic institutional investors (DIIs) bought shares worth net Rs 3,809.62 crore in the Indian equity market on November 24, as per provisional data available on the NSE.

Also Read| Trade Setup: Top 15 things to know before market opens on November 25, 2021

In the month of October, FIIs sold shares worth a net Rs 25,572.19 crore while DIIs bought shares worth a net Rs 4,470.99 crore.

On Wednesday, BSE Sensex fell 323.34 points or 0.55% to 58,340.99 while the Nifty50 was down by 88.30 points or 0.50% to 17,415.05 and formed a bearish candle on the daily charts. The broader indices ended mixed. The BSE Midcap index fell 0.57%, while the Small cap index was up by 0.44%. The Nifty Midcap 100 index fell 0.4 % and the Nifty Smallcap 100 index gained 0.63 %. The top gaining sectoral indices on the BSE were Oil & Gas up by 0.78%, PSU up by 0.60%, Bankex up by 0.53%, Utilities up by 0.52%, and Telecom up by 0.10%, while IT down by 1.24%, Auto down by 1.18%, TECK down by 1.02%, Capital Goods down by 0.93% and FMCG down by 0.86%.

Also Read| NSE F&O Ban: Indiabulls Housing Finance and others under ban today

FII stands for ‘foreign institutional investor,’ and refers to an investment fund or an investor who puts their money into a country’s assets while being headquartered outside of it. In India, this is a commonly used term to refer to outside entities contributing to the country’s financial markets by investing. On the other hand, ‘DII’ stands for ‘domestic institutional investors.’ Unlike FIIs, DIIs are investors that invest in the financial assets and securities of the country they are currently residing in.

Also Read| Bulk deal: Dolly Khanna buys stake in Simran Farms, Ipca buys Lyka labs shares

These investment decisions of both FIIs and DIIs are impacted by political and economic trends. Additionally, both types of investors — foreign institutional investors (FIIs) and domestic institutional investors (DIIs) — can impact the economy’s net investment flows.