The Indian stock market saw shifting dynamics on September 8, 2023, with foreign institutional investors (FIIs) reducing their selling activities while domestic institutional investors (DIIs) maintained a consistent pace of investments.
Foreign Institutional Investors (FIIs)
– In the cash segment, FIIs made gross purchases totaling ₹13,653.37 crore.
– Their gross sales were higher at ₹14,700.56 crore.
– Consequently, FIIs recorded a net sales figure of -₹1,047.19 crore in the cash segment.
– In the derivatives market, FIIs demonstrated mixed activity:
– In the index future segment, FIIs recorded gross purchases of ₹4,192.58 crore and gross sales of ₹3,086.10 crore, resulting in a net purchase of ₹1,106.48 crore.
– In the stock future segment, FIIs continued to be net sellers, with gross purchases amounting to ₹20,045.42 crore and gross sales of ₹21,367.89 crore. This led to a net sales figure of -₹1,322.47 crore.
– In the options segment, FIIs were active:
– In index options, FIIs made gross purchases of ₹1,864,816.22 crore and gross sales of ₹1,837,788.60 crore, resulting in a net purchase of ₹27,027.62 crore.
– In stock options, FIIs recorded gross purchases of ₹30,928.85 crore and gross sales of ₹31,762.71 crore, leading to a net sales figure of -₹833.86 crore.
The reduced selling activity by FIIs in the cash segment and increased buying in index futures and index options suggest a more balanced sentiment.
**Domestic Institutional Investors (DIIs)**:
– In the cash segment, DIIs maintained their positive stance with gross purchases of ₹10,341.00 crore.
– Gross sales by DIIs stood at ₹10,081.51 crore.
– This resulted in a net purchase figure of ₹259.49 crore in the cash segment.
DIIs, including mutual funds and insurance companies, continued their steady approach with consistent net buying, indicating sustained 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.