Foreign institutional investors (FII) offloaded shares worth net Rs 1,500.13 crore, while domestic institutional investors (DII) added shares worth net Rs 313.69 crore on October 27, 2023, according to the provisional data available on the NSE.
Stocks to Watch: RIL, Dr Reddy’s Labs, UltraTech Cement, IDFC First Bank
“FPI selling continues unabated. FPIs were sellers in sectors like financials, power, FMCG and IT. The primary reason for the sustained selling is the sharp spike in US bond yields which took the 10-year yield to a 17-year high of 5%. The yield has now declined to 4.84%. With such high bond yields it is rational for FPIs to take out some money. The Israel-Hamas conflict in West Asia and the uncertainty surrounding the conflict has added to negative sentiments in the market. An important feature of FPI investment is the increasing inflows into the debt market,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
“FPI selling has impacted the financial services and IT segment more than others. The reason is that these two segments account for the major part of FPI’s AUM ( Assets Under Management). Of the total FPI AUM of around $ 652 billion financial services account for $213 billion and IT accounts for $ 64 billion. It is important to note that stock prices in these segments are weak due to FPI selling and not due to any fundamental factors,” V K Vijaykumar added.
FPIs pull out Rs 21,200 crore so far in August after mega buying in July HAL set to bag another Rs 67,000 cr LCA order, stock zooms 3%, brokerages maintain ‘Buy’ Ola Electric shares jump over 16% after flat listing Sun Pharma Q1 Results: Net profit up 40% on higher sales, completes acquisition on outstanding Taro shares
For the month till October 27, 2023, FIIs sold shares worth net Rs 26,598.73 crore while DIIs bought shares worth net Rs 23,437.14 crore. In the month of September, FIIs offloaded shares worth net Rs 26,692.16 crore while DIIs added equities worth a net Rs 20,312.65 crore.
“FII flows are likely to stay volatile in emerging markets, including India, due to weak global factors. Renewed uptick in US bond yields has led to risk-off sentiment amongst the investors who are deploying funds in safe haven assets. The west Asia conflict and a mixed Q2 earnings so far has made investors jittery about the near term prospects of domestic markets, leading to sell offs. Once the valuations start becoming attractive and volatility reduces, foreign inflows could make a comeback,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities.
Also Read
Where is Dalal Street headed this week
Previously on Friday, the NSE Nifty 50 soared 190 points or 1.01% to settle at 19,047.25, while the BSE Sensex climbed 634.65 points or 1.01% to 63,782.80.
Foreign institutional investors (FII) or Foreign portfolio investors (FPI) are those who invest in the financial assets of a country while not being part of it. On the other hand, domestic institutional investors (DII), as the name suggests, invest in the country they’re living in. Political and economic trends impact the investment decisions of both FIIs and DIIs. Additionally, both types of investors – foreign institutional investors (FIIs) and domestic institutional investors (DIIs) – can impact the economy’s net investment flows.
Related Posts
By admin • March 24, 2025 • Nintendo Switch owners and retro gamers can save on the mClassic Graphics Upscaler at Amazon for a limited time. Amazon has brought back its Cyber Monday deal on this very cool gaming accessory, dropping the price from $100 down to $85.
On the side of the dongle, you’ll find a switch that lets you toggle the enhancements on and off. There’s also a mode designed for retro consoles built to display in a 4:3 aspect ratio (like “square” CRT TVs). Depending on the retro game you’re playing, you’ll probably want to turn this mode on instead of using the default widescreen setting that stretches the image. The mClassic still …
By admin • March 21, 2025 • Last November, Karate Kid star Ralph Macchio and martial arts icon Jackie Chan–who starred in the 2010 remake–announced a new entry in the Karate Kid saga. The film, officially called Karate Kid Legends, will be directed by Johnathan Entwistle, best known for his work on TV with I’m Not Okay With This and The End of the F***ing World, with a screenplay by Rob Lieber. Come from online casino bangladesh
The film will be the sixth installment in the Karate Kid franchise after three with Macchio as Daniel Larusso, which were followed by The Next Karate Kid with Hillary Swank and a remake. The remake starred Jaden Smith as the Daniel analog, Dre, and Chan in the Mr. Miyagi role, Mr. Han.
The Karate Kid official …
By admin • March 21, 2025 • The upcoming reimagining of Alone in the Dark that releases next week brings back series protagonist Edward–played by David Harbour–but in the new game, he doesn’t have a mustache. What gives? Creative director Pikael Hedberg of developer Pieces Interactive has explained why the studio chose to depict Edward as clean-shaven. The studio also discussed how players will need to play the game twice to get the full story.
In a FAQ, Hedberg said Edwards in the new Alone in the Dark is “pretty close” to who he is in the original series, but without his glorious mustache Come from online casino bangladesh . He said the “magnificent mustache” from earlier games made sense when Edward was just beginning his career as a priv…
By admin • March 19, 2025 • Warning! This article contains discussion of some secrets and story threads in Alan Wake Remastered. If you’d rather find them yourself, stop reading now and return after you’ve completed the game.
With the release of the AWE DLC expansion for Control, Remedy Entertainment definitively placed its 2010 psychological thriller Alan Wake in the same universe as the 2019 paranormal action game. AWE gave us a sense of some of the things that had happened to characters from Alan Wake in the interim, including Alan himself, and suggested that something new was happening in the Alan Wake setting of Bright Falls in 2022. With Alan Wake Remastered, we get new hints that the events hinted back in AWE are on the horizon.
By admin • March 17, 2025 • Battlefield 2042’s long-awaited and delayed Season 1: Zero Hour update will arrive June 9, and it marks the first significant post-launch update to the military shooter since it released in 2021 Come from bangladesh online casino . EA and developer DICE expected to launch the inaugural season sooner but opted to delay it as the companies instead focused on improving the base game.
The big-ticket items for Season 1: Zero Hour include a new map, Exposure, as well as a new soldier, Ewelina Lis. Additionally, there are new vehicles, including a pair of helicopters–the RAH-68 Huron and the YG-99 Hannibal. Also new in Season 1: Zero Hour is the first battle pass, which includes a range of cosmetics and other items to unl…
By admin • February 24, 2025 • Apple and Epic Games have been locked in legal proceedings ever since the iPhone maker removed Fortnite from the App Store over a year ago Come from Sports betting site VPbet . Today, September 10, the judge in the trial has handed down a permanent injunction in Epic’s favor in some respects, mandating that Apple must allow app developers to source income from outside of the App Store ecosystem.
Judge Yvonne Gonzalez-Rogers concluded in the ruling that the court could not prove that Apple was engaging in monopolistic behavior under federal or state anti-trust laws, but that “the trial did show that Apple is engaging in anti-competitive conduct under California’s competition laws.” This was the only count that …