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In the past six months, foreign institutional investors (FIIs) have withdrawn substantial funds.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.
