DII & FII data: FII offloaded shares worth 909 crore on NSE

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Foreign institutional investors (FIIs) sold shares worth a net Rs 909.71 crore
Domestic institutional investors (DIIs) bought shares worth a net Rs 1372.65 crore
FIIs sold shares worth a net Rs 39,901.92 crore while DIIs bought shares worth a net Rs 30,560.27 crore in November

Written By:Yash

Updated: December 02 2021 04:28:10 PM ET

Foreign institutional investors (FIIs) sold shares worth a net Rs 909.71 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1372.65 crore in the Indian equity market on December 2, as per provisional data available on the NSE.

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In the month of November, FIIs sold shares worth a net Rs 39,901.92 crore while DIIs bought shares worth a net Rs 30,560.27 crore.

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Sensex touched high and low of 58,513.93 and 57,680.41, respectively, and rose 776.50 points or 1.35% to 58,461.29 in the previous session. There were 28 stocks advancing against 2 stocks declining on the index while Nifty traded in a range of 17,420.35 and 17,149.30 and was up by 234.75 points or 1.37% to 17,401.65. There were 47 stocks advancing against 3 stocks declining on the index.

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The broader indices ended in green; the BSE Midcap index rose 1.01%, while the Small cap index was up by 1.12%. The top gaining sectoral indices on the BSE were Utilities up by 2.21%, Power up by 2.11%, IT up by 1.88%, TECK up by 1.85%, and Oil & Gas up by 1.74%, while there were no losing sectoral indices on the BSE.

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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.

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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.