On Monday, January 23, 2023, data available on NSE shows that foreign institutional investors (FII) sold shares worth a net Rs 219.87 crore and domestic institutional investors (DII) purchased shares worth a net Rs 434.96 crore. FII sold shares worth a net of Rs 20,099.98 crore for the month of January up through January 23, while DII purchased shares worth a net of Rs 16,617.34 crore. FIIs sold shares worth a net of Rs 14,231.09 crore in December, while DIIs bought stocks worth a net of Rs 24,159.13 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. Both FIIs and DIIs’ investment choices are influenced by political and economic developments.
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 green, with the 30-share BSE Sensex increasing 319.90 points (0.53%) to 60,941.67 and the NSE Nifty 50 rising 90.90 points (0.50%) to 18,118.55.
“On January 23, the Nifty traded range-bound, but the overall structure indicates that the index is getting ready to launch the next leg to the upward. It has begun to create a higher top and bottom on the daily chart, and once the swing high of 18184 is crossed, one can open a new long position.
The daily upper Bollinger Band is about to widen, making room for the upward side of the price movement. The Nifty is anticipated to cross over the crucial resistance range of 18260–18300 and go toward 18500 in the near future. The level of 18000, on the other hand, will act as a safety net on the downside, according to Rohan Patil, Technical Analyst, SAMCO Securities.