Foreign institutional investors (FII) purchased shares worth net Rs 2,073.21 crore, while domestic institutional investors (DII) added shares worth net Rs 4,797.15 crore on December 4, 2023, according to the provisional data available on the NSE.
For the month till December 4, 2023, FIIs sold shares worth net Rs 4,604.84 crore while DIIs bought shares worth net Rs 5,936.27 crore. In the month of November, FIIs added shares worth net Rs 5,795.05 crore while DIIs added equities worth net Rs 12,762.14 crore.
“The benchmark index hits its all-time high following the landslide victory of BJP in elections in three states. It spurred a rally with an anticipation that the country will witness a stable government post the General election. All the sectors have broadly participated in the rally with an optimism that the FIIs will continue its value buying, indicating positive commentary on the Global inflation data and stable domestic Marco economics,” said Vinod Nair, Head of Research at Geojit Financial Services.
Previously, on Monday, the NSE Nifty 50 soared 418.90 points or 2.07% to settle at a record high of 20,686.80, while the BSE Sensex jumped 1383.93 points or 2.05% to 68,863.93.
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.
