DIIs surpass FIIs in buying Indian equity shares this week: details here

Domestic institutional investors (DIIs) outrun foreign institutional investors (FIIs) in buying Indian equities during the trading week from May 22nd to 26th. Both FIIs and DIIs were net buyers throughout the current week. Meanwhile, Sensex’s weekly upside is nearly 1%, on the other hand, Nifty 50 performed better with a 1.4% gain.

As per NSE data, on Friday, FIIs’ buy value stood at 8,203.32 crore on Friday in Indian equities, while their selling value was at 7,853.17 crore — resulting in an inflow of 350.15 crore.

Meanwhile, DIIs purchased 7,705.60 worth of equities in the day, while selling 5,864.62 crore, recording an inflow of 1,840.98 crore.

Sensex closed at 62,501.69 up by 629.07 points or 1.02%. While Nifty 50 ended at 18,499.35 up by 178.20 points or 0.97% on Friday.

On the latest performance, Ajit Mishra, VP – of Technical Research, at Religare Broking said, “Markets edged higher on Friday and gained nearly a percent, making a strong start for the June expiry. The buying was witnessed across the sectors wherein FMCG, IT, and realty were among the top gainers. Consequently, Nifty settled around the day’s high at 18,499.35 levels. Meanwhile, the buoyancy continued on the broader front and the midcap index made a new record high as well.”

From May 22nd to 26th, FIIs bought 3,230.49 crore worth of equities, while DIIs surpass foreign investors with an inflow of 3,482.21 crore.

During this week, Sensex recorded an upside of 588.13 points or 0.95%. On the contrary, Nifty 50 outshines with gains of 248.75 points or 1.36%.

Talking about the market weekly performance that ended on May 26th, Vinod Nair, Head of Research at Geojit Financial Services said, “During the week, the performance of the domestic market was influenced by global cues, including concerns surrounding the ongoing US debt ceiling negotiations, the German recession, and hawkish comments from US Fed officials. However, a significant surge in sales projections by chipmaker Nvidia helped in the recovery of the US tech sector. The release of the FOMC minutes revealed differences of opinion regarding future policy measures, with a slight leaning towards a less aggressive approach.”

Further, Nair added, “domestic investors traded cautiously during the week; however, driven by the strong growth forecast for the Indian economy, the market witnessed a smart recovery towards the end. The IT and pharmaceutical sectors rebounded due to bargain opportunities and pent-up demand.”

Going ahead, Mishra said, “The tone was positive in the index amid consolidation and now recovery in the US markets combined with improved participation from the IT sector has provided the needed trigger. Besides, a strong surge in heavyweights like Reliance further added to the positivity. Since Nifty has decisively crossed 18,400 levels, we are now eyeing 18,700 to be tested shortly. Traders should align their positions accordingly.”

As per Stock Edge data, so far in May month, FIIs buying stood at 20,606.80 crore in Indian equities — becoming the largest monthly buying of 2023 to date.

While DIIs who kicked started the month on a selling note, made their most buying in the current week, and hence their outflow has minimized to 1,192.47 crore in May month up till now.


Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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Updated: 26 May 2023, 10:05 PM IST