Foreign institutional investors (FIIs) turned net buyers in Indian equities on Friday, purchasing a net Rs 887.65 crore. They had sold a net Rs 3,458.70 crore on Thursday. Domestic institutional investors (DIIs) continued their strong support, buying a net Rs 3,235.36 crore, according to exchange provisional data.
FIIs bought shares worth Rs 14,445.54 crore and sold Rs 13,557.89 crore during the session. DIIs bought Rs 19,232.31 crore and sold Rs 15,996.95 crore.
The modest FII inflow trims October’s cumulative FII selling to roughly Rs 51,500 crore. FIIs have been net sellers in most sessions this month, with only a handful of net-buying days (including 16 October, 21 October and now 23 October). The largest single-day outflow remains the Rs 12,943.58 crore seen on 8 October.
DIIs have been net buyers in the large majority of sessions, with cumulative buying for the month now exceeding Rs 59,000 crore. That continues to more than offset FII selling, leaving the combined net flow for October still positive.
On a year-to-date basis, FIIs remain heavy net sellers in the range of Rs 4.5 lakh crore, while DIIs have absorbed well over Rs 6.9 lakh crore.