Foreign Institutional Investors (FIIs) turned net buyers in the equity markets on Monday, November 25, purchasing Rs 9,947.55 crore worth of equities (provisional data). This marked a significant shift, ending a streak of 38 consecutive sessions of net selling, providing a much-needed boost to the market sentiment.
FII and DII Trading Activity
In contrast, Domestic Institutional Investors (DIIs) became net sellers on the same day, offloading shares worth Rs 6,907.97 crore (provisional). DIIs had been net buyers for 13 consecutive sessions prior to this shift.
During Monday’s trading session, DIIs bought Rs 17,625 crore worth of equities but sold Rs 24,533 crore in shares, highlighting a significant change in their market strategy.
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FIIs purchased Rs 85,252 crore worth of equities and sold Rs 75,305 crore worth of shares, signaling a shift in their approach after weeks of selling. The overall trading activity saw a balance in buying and selling, with the net buying by FIIs counteracting the selling by DIIs.
Year-to-Date Inflows Overview
For the year so far, FIIs have net sold Rs 2.84 lakh crore worth of equities, while DIIs have net bought Rs 5.56 lakh crore in shares. In the past week, FIIs offloaded Rs 11,414 crore in shares, taking their total net selling to Rs 1.55 lakh crore since October. The data suggests that FIIs have been cautious in their approach amid broader market fluctuations.
What Brought the Massive FIIs Buying?
HDFC Bank was one of the major gainers in Monday’s trading session, seeing a 2.3% increase in its stock price, closing at Rs 1,785.6 per share. The boost came following the MSCI (Morgan Stanley Capital International) index rejig, where HDFC Bank saw a much-anticipated increase in its weightage within the index.
Estimated $1.88 Billion Passive Inflows
This weightage adjustment was expected to bring in an estimated $1.88 billion in passive inflows to the bank’s stock.
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