After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed
While the US presidential elections will be closely monitored, September quarter results, BOJ's meeting minutes, and other macroeconomic data will also be on radar
DII flows have remained positive for 13 consecutive months now. The last time they were net sellers was in June 2023
Between January and May 28, DIIs have purchased shares worth Rs 1.97 trillion. In May alone, DIIs bought shares worth Rs 44,952.16 crore
Foreign Portfolio Investors (FPIs) have significantly reduced their holdings over the past two quarters.
Poll jitters, rich valuations to blame for market's muted May show
Gap between FPI, DII narrows to new low of 163 bps
The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly
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Thus far in calendar year 2023 (CY23), the S&P BSE Sensex and the Nifty 50 have seen a good run with both the indices surging nearly 10 per cent during this period
Domestic funds have pulled out Rs 9,383 cr this month, most since Feb'21
The selling by domestic institutions comes amid a reversal in FPI flows. In August, FPIs pumped in Rs 65,859 crore into domestic stocks - most since November 2020.
Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
DII holding touches a record Rs 20.42 trillion, an increase of 0.9 per cent over the previous quarter.
Domestic investors have been buyers of Indian stocks since 2015
Foreign investors, on the other hand, pulled $2.7 billion (Rs 18,244 crore) from the domestic market this month
Value of holdings up 12% in a year, despite flat markets