look news india
Mumbai: The figure of cash investment by domestic institutional investors (DIIs) in the country's stock market in the current year has crossed Rs 4 lakh crore. This figure of DII investment is the highest ever in a single calendar year, in comparison to which the net sale of cash by foreign investors is Rs 2,01,546 crore. DII is taking Rs 4,10,466 crore.
With two months left in 2024, DII investment numbers in equities will still remain high. On one hand, foreign institutional investors (FPIs) are selling heavily, while on the other hand, continuous buying by DIIs is supporting the country's stock markets.
In October, FPIs made net sales of Rs 74,732 crore, while DIIs sold more than Rs 68,960 crore. October inflow of DII is the highest compared to any other month.
October saw net inflows for the fifteenth consecutive month.
An analyst said DII stocks are witnessing a strong rise as a result of increasing participation of retail investors in mutual funds.
Indian stock markets have remained stable despite heavy selling by foreign investors due to DII activism.
In the current year, Sensex has given a return of 13 percent and Nifty50 index has given a return of 15 percent. Along with large caps, small and mid caps are also attractive.
The analyst said global fund managers are seeing inflows from the Indian market as global fund managers are increasing their allocation to China at the expense of India in view of the stimulus announced by China to stabilize the economy.
In the current month, foreign investors have withdrawn about eight billion dollars from the Indian market. The survey said that in August a large number of fund managers in India were overweight, but now the situation has changed and the number of underweight has increased instead of overweight.