According to preliminary statistics, on Monday, November 25, foreign institutional investors (FIIs) became net buyers in the equity markets, acquiring stocks valued at Rs 9,947.55 crore. The market attitude received a much-needed boost due to this notable change, which ended a 38-session run of net selling.
Conversely, on the same day, Domestic Institutional Investors (DIIs) sold shares for a preliminary total of Rs 6,907.97 crore, making them net sellers. Before this change, DIIs had completed 13 straight sessions as net purchasers.
DIIs made a substantial shift in their market strategy during Monday’s trading session when they sold shares for Rs 24,533 crore while purchasing stocks for Rs 17,625 crore.
FIIs have sold Rs 2.84 lakh crore worth of stocks this year, while DIIs have purchased Rs 5.56 lakh crore shares. FIIs sold off Rs 11,414 crore shares last week, bringing their total net selling since October to Rs 1.55 lakh crore. According to the report, FIIs have adopted a cautious stance in the face of wider market volatility.
This boost in foreign investments was facilitated by the second phase, which went into force on November 25, and the first phase, which began in August, was projected to bring in $1.8 billion in foreign inflows.
In addition to HDFC Bank, Kalyan Jewellers, Alkem Laboratories, and Oberoi Realty are among the equities that are anticipated to enjoy a rise in foreign inflows as a result of the MSCI index update. Given that overseas investors usually keep a close eye on the MSCI index, these companies are also anticipated to gain from the increased weighting in the index.
