On October 6, 2023, the Indian stock market exhibited a day of cautious sentiment among foreign institutional investors (FIIs) who registered net sales in the cash segment, while domestic institutional investors (DIIs) continued to contribute to market stability with net purchases.
Foreign Institutional Investors (FIIs)
– In the cash segment, FIIs made gross purchases totaling ₹6,727.34 crore.
– Their gross sales amounted to ₹6,817.63 crore.
– Consequently, FIIs recorded a marginal net sales figure of -₹90.29 crore in the cash segment.
– In the derivatives market, FIIs demonstrated mixed activity:
– In the index future segment, FIIs recorded gross purchases of ₹3,355.80 crore and gross sales of ₹2,951.69 crore, resulting in a net purchase of ₹404.11 crore.
– In the stock future segment, FIIs increased their net purchases with gross purchases amounting to ₹12,837.69 crore and gross sales of ₹11,697.32 crore. This led to a net purchase of ₹1,140.37 crore.
– In the options segment, FIIs were active:
– In index options, FIIs made gross purchases of ₹758,688.09 crore and gross sales of ₹756,644.31 crore, resulting in a net purchase of ₹2,043.78 crore.
– In stock options, FIIs recorded gross purchases of ₹16,819.95 crore and gross sales of ₹16,624.30 crore, leading to a net purchase of ₹195.65 crore.
While FIIs remained cautious in the cash segment, their net buying in index futures and stock futures, along with positive activity in options, indicated a relatively balanced market stance.
Domestic Institutional Investors (DIIs)
– In the cash segment, DIIs continued to exhibit positive sentiment with gross purchases of ₹7,150.57 crore.
– Gross sales by DIIs stood at ₹6,367.32 crore.
– This resulted in a net purchase figure of ₹783.25 crore in the cash segment.
DIIs, comprising mutual funds and insurance companies, maintained their net buying trend, contributing to market stability and investor confidence.
The day’s market activity reflects the intricate dynamics of institutional investors and their impact on market sentiment. As market participants closely monitor these trends, market conditions are likely to remain dynamic, influenced by both domestic and global factors.
Investors and analysts will continue to scrutinize the actions of FIIs and DIIs in the upcoming sessions, as these trends often provide valuable insights into market direction and investor sentiment.
