On Thursday, December 22, 2022, data available on NSE shows that domestic institutional investors (DII) bought shares worth a net Rs 2206.59 crore while foreign institutional investors (FII) bought shares worth a net Rs 928.63 crore. FII sold shares worth a net of Rs 7,762.69 crore for the month of December up until December 22, while DII purchased shares worth a net of Rs 15,697.70 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 50 down 71.75 points or 0.39% to 18,127.35 and the BSE Sensex down 241.02 points or 0.39% to settle at 60,826.22. “On Thursday, the Nifty started gap up close to its important hourly moving averages just to draw new selling. The index broke through the lower end of a downward-sloping channel as the day went on. On the downside, it tested and closed above a rising trendline created from the bottom of June 2022.
The index is currently moving close to the pivotal support level of 18000. There is potential for a recovery as long as that level holds in the closing basis. However, a closing basis break of 18000 will increase the selling pressure. Contrarily, the short-term resistance range moves down to 18200–18300, according to Gaurav Ratnaparkhi, Sharekhan by BNP Paribas’ Head of Technical Research.