According to information available on NSE, foreign institutional investors (FII) sold shares worth a net Rs 710.74 crore on December 15, 2022, while domestic institutional investors (DII) bought shares worth a net Rs 260.92 crore. FII sold shares worth a net of Rs 5,514.61 crore during the month of December up through the 15th, while DII purchased shares worth a net of Rs 9,009.12 crore. FIIs bought shares at a net of Rs 22,546.34 crore in November, while DIIs sold shares worth a net of Rs 6,301.32 crore.
Those who invest in a nation’s financial assets while not residing there are known as foreign institutional investors (FII) or foreign portfolio investors (FPI). In contrast, domestic institutional investors (DII) make investments in the nation in which they reside. Political and economic factors have an impact on both FIIs and DIIs’ investing decisions. Additionally, both domestic institutional investors (DIIs) and foreign institutional investors (FIIs) have the ability to influence net investment flows in the economy. The domestic indices ended the previous session in the red, with the NSE Nifty dropping 245.50 points or 1.32% to end at 18,414.90 and the BSE Sensex losing almost 850 points or 1.40% to close at 61,799.03.
“On December 15, Nifty reversed a two-day upswing and dropped the most (in percentage terms) since October 11 at 18414.9. Although profit-taking was evident throughout the market, broad market indices declined slightly less, and the advance-decline ratio decreased to 0.48:1. Following Nasdaq weakness and US Fed suggestions that the rate hike cycle will not finish soon, IT stocks came under selling pressure.
Cyclical industries like real estate and metals experienced selling pressure as well. With the U.S. Federal Reserve indicating that it expected interest rates to remain higher for longer and ahead of other central bank meetings in Europe and the U.K., global markets fell for a second day on Thursday. The Nifty has established a lower top at 18696 and may decline further toward 18133. The 18496-18535 band may provide resistance on increases, according to Deepak Jasani, Head of Retail Research at HDFC Securities.
