The Indian stock market continued to experience dynamic trading activity on September 6, 2023, with foreign institutional investors (FIIs) persisting in their selling spree while domestic institutional investors (DIIs) exhibited a more cautious stance.
Foreign Institutional Investors (FIIs):
– In the cash segment, FIIs made gross purchases of ₹9,994.21 crore.
– However, their gross sales outpaced purchases significantly, amounting to ₹13,240.07 crore.
– Consequently, FIIs recorded a substantial net sales figure of -₹3,245.86 crore in the cash segment.
– In the derivatives market, FIIs maintained a mixed approach:
– In the index future segment, FIIs recorded gross purchases of ₹4,094.34 crore and gross sales of ₹4,127.23 crore, resulting in a marginal net sales figure of -₹32.89 crore.
– In the stock future segment, FIIs continued to be net sellers with gross purchases of ₹11,846.86 crore and gross sales of ₹14,165.44 crore. This led to a net sales figure of -₹2,318.58 crore.
– In the options segment, FIIs remained active:
– In index options, FIIs made gross purchases of ₹2,512,880.68 crore and gross sales of ₹2,518,459.58 crore, resulting in a net sales figure of -₹5,578.90 crore.
– In stock options, FIIs recorded gross purchases of ₹16,643.40 crore and gross sales of ₹16,716.87 crore, leading to a marginal net sales figure of -₹73.47 crore.
The net sales by FIIs in the cash and options segments indicate their continued profit-taking and possibly a cautious stance amidst market uncertainties.
Domestic Institutional Investors (DIIs):
– In the cash segment, DIIs made gross purchases amounting to ₹10,202.87 crore.
– Their gross sales stood at ₹10,450.33 crore.
– This resulted in a net sales figure of -₹247.46 crore in the cash segment.
DIIs, which include mutual funds and insurance companies, exhibited a balanced approach with a marginal net sales figure in the cash segment, possibly indicating a prudent approach in light of market volatility.
The contrasting activities of FIIs and DIIs underscore the intricate nature of market dynamics and the pivotal role played by institutional investors in shaping 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 closely watch the actions of FIIs and DIIs in the upcoming sessions, as these trends often provide valuable insights into market direction and investor sentiment.
