On Monday, December 26, 2022, data available on NSE shows that foreign institutional investors (FII) sold shares worth a net Rs 497.65 crore while domestic institutional investors (DII) bought shares worth a net Rs 1285.74 crore. FII sold shares worth a net of Rs 8,967.18 crore for the month of December up to that point, while DII purchased shares worth a net of Rs 20,382.42 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.The domestic indices ended the previous session in the green, with the NSE Nifty 50 rising 207.80 points or 1.17% to 18,014.60 and the BSE Sensex rising 721.13 points or 1.20% to settle at 60,566.42.
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.
“On December 26, Nifty reversed a three-day losing trend. Holidays in the majority of the world’s equities markets provided traders with an opportunity to boost stock values in India amidst low volumes. While cyclical companies smartly recovered, defensive stocks underperformed.
In a widely viewed speech on Monday, Bank of Japan Governor Haruhiko Kuroda stated that the Japanese central bank does not intend to change its long-standing monetary easing policy in order to deal with inflationary pressures on the third-largest economy in the world. In the near future, Nifty may now encounter resistance at 18127 and find support at 17899. As many participants are on year-end holidays, volumes may remain on the low side, according to Deepak Jasani, Head of Retail Research at HDFC Securities.