Domestic institutional investors (DIIs) in India have surpassed net investments of ₹4 lakh crore in the current calendar year. This is the first time such a figure has been reached.
What Happened: DIIs crossed the milestone for the first time, reported Moneycontrol. This surge in DII investments occurred amidst a sell-off by foreign investors in October, largely due to geopolitical tensions.
In October, DIIs invested over ₹60,000 crore, marking the highest monthly inflow on record. This also marked the 15th consecutive month of net buying by DIIs, even as foreign portfolio investors (FPIs) have been net sellers, pulling out nearly ₹68,000 crore in the month so far.
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It took 57 sessions for DIIs to invest the first ₹1 lakh crore in 2024, the second came in 40 sessions, the third in 60 sessions and the fourth only took 31 sessions, which is a record.
Meanwhile, India’s benchmark indices, Sensex and Nifty, have posted gains of over 13% and 15%, respectively in CY24. However, so far in October, both Sensex and Nifty have declined by 3.3% each, marking their first drop since May 2024 and the sharpest decline since December 2022.
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