DIIs sold shares for Rs 11,044 crore and purchased shares worth Rs 15,203 crore. During the trading day, FIIs sold stocks valued at Rs 17,247 and bought shares for Rs 14,210 crore.
On October 24, monthly DII inflows reached Rs 97,000 crore, while monthly FII outflows surpassed Rs 1 lakh crore.Domestic Institutional Investors (DII) net purchased shares valued at Rs 3,037 crore during the day’s session. However, according to preliminary data from the NSE, shares worth Rs 4,159 crore were net sold by Foreign Institutional Investors (FIIs).
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Market View by financial services company in delhi: FIIs are still selling fiercely. “Earnings downgrades and this continuous selling pressure are causing market valuations to cool off.” As the market moves through this period of correction, investors may have the chance to progressively accumulate high-conviction equities.
