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On September 6, FIIs net sold ₹620.95 crore in equities, while DIIs net bought ₹2,121.53 crore. Market volatility surged as FIIs' year-to-date net sell reached ₹1.38 lakh crore, and DIIs' net buy amounted to ₹3.16 lakh crore.
On Friday, 6th September, the stock market witnessed contrasting activity between Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs). While FIIs continued their selling streak, with net sales amounting to ₹620.95 crore, DIIs maintained their buying momentum, net purchasing equities worth ₹2,121.53 crore.
DIIs purchased shares worth ₹15,699.2 crore while selling ₹13,577.67 crore on the same day. This consistent buying from DIIs highlights their confidence in the domestic market, counterbalancing the cautious approach of FIIs. Over the year, DIIs have been significant buyers, with a net purchase of ₹3.16 lakh crore, showcasing their substantial role in supporting the Indian equity market.
FIIs, on the other hand, continued to offload Indian equities. On September 6, they bought shares worth ₹16,911.35 crore but sold a higher value of ₹17,532.3 crore, resulting in a net outflow of ₹620.95 crore. Global factors, including geopolitical tensions and rising interest rates, have led to FIIs adopting a risk-averse stance. In 2024, FIIs have cumulatively sold equities worth ₹1.38 lakh crore, reflecting their apprehension towards emerging markets, including India.
Despite the strong buying from DIIs, the Nifty index could not sustain its early week gains. Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates stated, "The Nifty started the week on a positive note, but global uncertainty dampened market sentiment, leading the index to close the week negatively at 24,852. The volatility index, INDIA VIX, surged by 12.97% on a weekly basis, settling at 15.13, signalling a rise in market volatility."
The opposing trends between FIIs and DIIs continue to shape the market. With FIIs adopting a cautious approach amidst global uncertainties and DIIs providing domestic support, the Indian market is expected to experience heightened volatility in the coming weeks. Tracking the FIIs' share price behaviour and DII activity will be crucial for investors navigating these market conditions.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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