Share Market: FII Became 'Net Seller' For The Second Consecutive Month

In October, Foreign Institutional Investors sold Rs. 1586 crore worth of shares on the Indian stock market. For the second straight month, he has turned into a net seller due to a strong US dollar index, a weak rupee, and a tightening monetary policy.

However, the fund's outflow volume has dramatically decreased as a result of the Indian stock indices providing investors with enormous profits over the last week. Nine out of the previous ten sessions saw the Indian stock indices closing in the green.

Data from the National Securities Depository Limited shows that in September, foreign institutional investors sold equities worth Rs 7,624 crore in India. So far in 2022, he has sold shares worth Rs 1,70,375 crore on a cumulative basis.

Foreign portfolio investors (FPIs) have been selling equities in the Indian markets for the past year, which started in October last year for different reasons. Meanwhile, he was a net buyer only in the months of July and August.

FIIs were also on the purchase list for IT companies, which have been under pressure due to concerns about margin impact and a slowdown in demand, as they invested Rs 397 crore in August compared to Rs 4,665 crore in July.

"IT witnessed buying, breaking an 11-month selling streak. In the last 6 months and 1 year, this sector had faced second highest outflows after financials," said IIFL Alternative Research.

According to NSDL data, inflow into FMCG stocks, which were the most popular bet in July, decreased by Rs 3,490 crore.

The real estate sector saw FIIs continuing to be net sellers last month, with a net outflow of Rs 1,485 crore. Textiles were the only other industry where FIIs traded stocks.