According to information available on NSE, foreign institutional investors (FII) sold shares worth a net of Rs 1975.44 crore on Friday, December 16, 2022, while domestic institutional investors (DII) bought shares worth a net of Rs 1542.5 crore. FII sold shares worth a net of Rs 7,490.05 crore during the month of December up till the 16th, while DII purchased shares worth a net of Rs 10,551.62 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 losing 145.90 points to close at 18,269.00 and the BSE Sensex sliding 0.75% to 61,337.81.
“On December 16, Nifty sank for the second straight session, dragged down by negative global indications. The volume reached a multi-week high as a result of significant day-end trading. Nifty ultimately fell 145.9 points, or 0.79%, to settle at 18269. Even though the advance-decline ratio remained low at 0.49:1, broad market indices decreased further. As Nasdaq continues to decline in value, selling pressure on the IT sector has not abated.
As rising rates could reduce demand for properties, real estate equities were under selling pressure. Investors were concerned that the determination of central banks to maintain their fight against inflation could push the economy into a recession, which is why the majority of global markets were down. Over the course of the week, Nifty lost 1.23%, and it appears that this trend will continue.