FII Flows: What Do the Trends Indicate? Markets Brace for a Rollercoaster Ahead of Budget

On February 01, 2023, the Finance Minister presented the full budget, ending the markets on a mixed note. Domestic indices rose during the session.

In the past six months, foreign institutional investors (FIIs) have withdrawn substantial funds. Since the last interim budget by Nirmala Sitharaman, FIIs have sold over ₹ 63,400 crore in the equity cash segment.

From February 2023 to July 22, 2024, FIIs pulled out more than ₹ 74,240 crore from equities. In May 2024, FIIs became the highest net sellers, offloading securities worth ₹ 42,214 crore, taking a short bet on Indian markets. Meanwhile, domestic institutional investors (DIIs) bought ₹ 55,733 crore in May 2024.

In April 2024, FIIs were net sellers of ₹ 35,692 crore, while DIIs were net buyers of ₹ 44,186 crore.

DII Flow

DIIs have injected over ₹ 2 lakh crore since the last budget until the interim budget in February 2024. Between February 2023 and July 22, 2024, DIIs purchased over ₹ 3.84 lakh crore.

Sensex and Nifty Levels to Watch

In the interim budget presented by Nirmala Sitharaman, domestic equity indices closed negatively. The BSE Sensex dipped 107 points, or 0.15%, to 71,645, while the Nifty 50 fell 28 points, or 0.13%, to 21,697.45.

On February 01, 2023, Indian equity indices ended the budget session mixed. The 30-stock index rose 158 points, or 0.27%, to 59,708. Meanwhile, Nifty dropped 46 points, or 0.26%, to 17,616.30.

• Author
• Recent Posts

Monika Shanmugam

Content Writer at Vakilsearch

Hello! I am Monika Shanmugam. With 4 years of crafting engaging and informative content, I'm passionate about demystifying complex topics and weaving impactful narratives. My legal-writing journey began at Vakilsearch, where I spent the past year immersing myself in the intricacies of the legal landscape. This experience shaped my ability to translate legalese into digestible language, empowering individuals with the knowledge they need to navigate the legal system confidently.

Latest posts by Monika Shanmugam (see all)

• Global Youth Unemployment Hits 15-Year Low, But Challenges Remain: UN Report - August 13, 2024
• Google Launches Made-in-India Pixel 8 Ahead of Pixel 9 Series Debut - August 13, 2024
• India’s CPI Inflation Falls to Five-Year Low, but Challenges Loom Ahead: SBI Report - August 13, 2024