FII, DII data: FPIs purchased shares worth Rs 2625 Cr, DIIs added shares worth Rs 134 Cr on November 24, Friday

Foreign institutional investors (FII) purchased shares worth net Rs 2,625.21 crore, while domestic institutional investors (DII) added shares worth net Rs 134.46 crore on November 24, 2023, according to the provisional data available on the NSE.

“There are some important developments that might influence FPI inflows into India. The better-than-expected decline in inflation in the US has given the market confidence to assume that the Fed is done with rate hike. Consequently, the US bond yields have declined sharply with the 10-year benchmark bond yield correcting from 5% in mid October to 4.40% now. This has forced the FIIs to slow down their selling. Importantly, they were buyers on four days this month with a big buying of Rs 2625 crores on Friday, the 24th. FPIs are likely to buy banking which they have been selling during the last 3 months. A large-cap led rally is likely in the market, going forward,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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.