The Indian stock market displayed interesting dynamics on September 7, 2023, as foreign institutional investors (FIIs) engaged in selective selling, while domestic institutional investors (DIIs) maintained a measured approach.
Foreign Institutional Investors (FIIs)
– In the cash segment, FIIs made gross purchases of ₹9,005.65 crore.
– Their gross sales amounted to ₹9,764.20 crore.
– This resulted in a net sales figure of -₹758.55 crore in the cash segment.
– In the derivatives market, FIIs demonstrated a mixed approach:
– In the index future segment, FIIs recorded gross purchases of ₹4,369.45 crore and gross sales of ₹3,002.84 crore, resulting in a net purchase of ₹1,366.61 crore.
– In the stock future segment, FIIs continued to be net buyers with gross purchases totaling ₹14,558.97 crore and gross sales of ₹12,018.67 crore. This led to a net purchase of ₹2,540.30 crore.
– In the options segment, FIIs were active:
– In index options, FIIs made gross purchases of ₹2,143,486.17 crore and gross sales of ₹2,161,676.65 crore, resulting in a net sales figure of -₹18,190.48 crore.
– In stock options, FIIs recorded gross purchases of ₹18,281.15 crore and gross sales of ₹18,468.18 crore, leading to a marginal net sales figure of -₹187.03 crore.
The selective selling by FIIs in the cash segment and net sales in index options possibly reflect their cautious stance amidst market volatility.
Domestic Institutional Investors (DIIs)
– In the cash segment, DIIs made gross purchases totaling ₹7,203.95 crore.
– Gross sales by DIIs stood at ₹7,175.84 crore.
– This resulted in a marginal net purchase figure of ₹28.11 crore in the cash segment.
DIIs, which include mutual funds and insurance companies, maintained a steady approach with a slight net purchase in the cash segment, indicating a measured strategy in the current market environment.
The varying activities of FIIs and DIIs illustrate the intricate nature of market dynamics and the substantial impact of institutional investors on market sentiment. As market participants closely monitor these trends, market conditions are likely to remain fluid, influenced by both domestic and global factors.
Investors and analysts will continue to closely observe the actions of FIIs and DIIs in the coming sessions, as these trends often offer valuable insights into market direction and investor sentiment.
