Brief by Shorts91 Newsdesk / 05:51pm on 16 Nov 2023,Thursday Business
Breaking their recent trend, Foreign Institutional Investors (FIIs) rebounded in the Indian stock market, purchasing ₹13,546 crore amidst the festive season. NSE data on November 16 revealed that FIIs, who had cumulatively sold ₹12,589 crore, registered a net inflow of ₹957.25 crore. Concurrently, Domestic Institutional Investors (DIIs) invested ₹6,690 crore and divested ₹5,985 crore, resulting in a net outflow of ₹705.65 crore. Despite FII divestment since October, the November outflow eased, attributed to lower US bond yields and declining crude oil prices. The market's resilience, particularly in banking and automobile stocks, indicates a shifting investment landscape.
