DIIs increase stake in metals, public sector banks in Q4: Report

Using the Nifty500 as the benchmark, DIIs are now significantly overweight in Metals, PSU Banks, Capital Goods, Consumer, and Utilities

Stalling their eight-month selling spree, domestic institutional investors (DIIs) have turned net buyers in March and April 2021 to counter offloading of shares by foreign investors amid the second wave of Covid-19.

While DIIs sold equities worth Rs 1.42 trillion between July 2020 and February 2021, they bought shares worth Rs 18,248.85 crore between March and May 10, 2021, BSE data shows. In comparison, FIIs bought shares worth Rs 1.82 trillion between October 2020 and March 2021 but have sold shares worth Rs 17,647.99 crore in April and May (so far).

Yet, DII shareholding hit seven-quarter low at the end