FIIs Net Buy ₹970 Cr, DIIs Net Sell ₹850 Cr in Cash Market on 18th May 2023
May 18, 2023
Cashflow
/ DII
Foreign Institutional Investors (FIIs) net bought ₹970 crore in the cash market on 18th May 2023, while Domestic Institutional Investors (DII) net sold ₹850 crore. This resulted in a net inflow of ₹120 crore into the Indian equity market. The positive sentiment among FIIs was likely due to a number of factors, including the recent rally in the Indian stock market, the improvement in corporate earnings, and the continued inflow of foreign direct investment (FDI) into India. The negative sentiment among DIIs was likely due to a number of factors, including the recent sell-off in the Indian stock market, the concerns over the global economic slowdown, and the rising interest rates in the US. Despite the net outflow from DIIs, the overall sentiment in the Indian equity market remained positive, as FIIs continued to be net buyers. This is likely to support the Indian stock market in the near term. Here are some of the factors that may have contributed to the FII inflows: The rec...