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FII i.e. foreign institutional investors have made a big sell-off on Friday 6 December 2024. On the other hand, DII i.e. domestic institutional investors have made purchases. Experts say that confidence in the Indian markets has not yet returned. That is why profit-booking is seen immediately on the rise. But RBI's commentary was much better. That is why it is expected that buying will return again.
Bold after a hat-trick of buying- In the week ending on 6 December, FIIs bought shares worth Rs 3,664.67 crore on 3 December 2024, bought shares worth Rs 8,539.91 crore on 4 December 2024 and sold shares worth Rs 8,539.91 crore on 5 December 2024. On the other hand, they sold shares worth -1,830.31 crore on 6 December. But why so? According to Abhay Aggarwal of Piper Serica, there are still some reasons due to which buyers do not have full confidence in the market, due to which fluctuations are being seen. He said that this indicates that the trend of selling on the rise in the market is still there and there has been no change in it.
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