FIIs net sell shares worth Rs 4,446 crore, DIIs net buy Rs 4,889 crore

The recent past has seen foreign institutional investors (FIIs) selling shares worth a whopping $12.5 billion in a span of a little over a month

On November 6, Domestic Institutional Investors (DII) net bought shares worth Rs 4,889 crore. On the other hand, foreign institutional investors (FIIs) net sold shares worth Rs 4,446 crore, provisional data from NSE showed. Indian markets also responded positively on news that former US President Donald Trump will be coming back to power for a second term.

DIIs bought Rs 16,062 crore worth of shares and sold shares worth Rs 9,486 crore. Meanwhile, FIIs purchased Rs 11,912 crore in shares and offloaded equities worth Rs 16,357 crore during the trading session.

Also read: Taking Stock: Trump win pushes Nifty above 24,500, Sensex gains 900 pts; IT, oil & gas, realty rally

In the year so far, FIIs have net sold shares worth Rs 2.65 lakh crore, while DIIs have bought Rs 5.34 lakh crore shares.

Market view

At close, the Sensex was up 901.50 points or 1.13 percent at 80,378.13, and the Nifty was up 270.75 points or 1.12 percent at 24,484.

Biggest gainers on the Nifty were Bharat Electronics, Adani Enterprises, TCS, Tech Mahindra and Infosys, while losers included SBI Life Insurance, Titan Company, IndusInd Bank, HDFC Life and HUL.

All the sectoral indices ended in green.

On the impact of Trump's victory on Indian markets, Vinit Bolinjkar, Head of Research at Ventura Securities suggested that investors should brace for immediate market fluctuations and a possible shift toward isolationist trade policies.

"Trump's presidency would likely mean an increase in tariffs, which could disrupt global trade and hit emerging markets especially hard. Key sectors like tech and manufacturing might experience sharp changes as policies cater more heavily to ‘America First’ interests, potentially straining relationships with major trading partners like China and the EU," he said adding that global markets could initially react with volatility, especially as investors weigh the impact on global supply chains and economic growth.

"Trump's administration has previously shown a willingness to shake up existing norms, so we might see economic indicators like inflation and interest rates in the U.S. diverge more sharply from global trends. For investors, this would be a time to monitor assets in regions sensitive to U.S. policy changes, with an eye on any protective measures taken by other economies in response,” he said.

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