The Indian stock market experienced a day of shifting dynamics on September 8, 2023, as foreign institutional investors (FIIs) significantly increased their buying activity while domestic institutional investors (DIIs) maintained a steady pace of investments.
Foreign Institutional Investors (FIIs)
– In the cash segment, FIIs made substantial gross purchases of ₹11,469.51 crore.
– Their gross sales amounted to ₹9,996.42 crore.
– Consequently, FIIs recorded a net purchase figure of ₹1,473.09 crore in the cash segment.
– In the derivatives market, FIIs displayed mixed activity:
– In the index future segment, FIIs recorded gross purchases of ₹2,885.34 crore and gross sales of ₹2,096.95 crore, resulting in a net purchase of ₹788.39 crore.
– In the stock future segment, FIIs continued to be net buyers with gross purchases totaling ₹12,363.12 crore and gross sales of ₹12,230.78 crore. This led to a net purchase of ₹132.34 crore.
– In the options segment, FIIs were active:
– In index options, FIIs made gross purchases of ₹971,255.09 crore and gross sales of ₹983,718.98 crore, resulting in a net sales figure of -₹12,463.89 crore.
– In stock options, FIIs recorded gross purchases of ₹15,206.32 crore and gross sales of ₹15,494.30 crore, leading to a marginal net sales figure of -₹287.98 crore.
The increased buying activity by FIIs in the cash and derivatives segments suggests growing confidence in the Indian market.
Domestic Institutional Investors (DIIs)
– In the cash segment, DIIs maintained their positive stance with gross purchases of ₹8,522.40 crore.
– Gross sales by DIIs stood at ₹8,156.16 crore.
– This resulted in a net purchase figure of ₹366.24 crore in the cash segment.
DIIs, including mutual funds and insurance companies, continued their measured approach with steady net buying, indicating ongoing confidence in the market.
The day’s market activity reflects the ever-changing landscape of market dynamics and the influential role played by institutional investors. 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 closely observe the actions of FIIs and DIIs in the coming sessions, as these trends often provide valuable insights into market direction and investor sentiment.