FIIs pulled out record Rs 90k cr in FY20, DIIs came to rescue

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FIIs pulled out record Rs 90k cr in FY20, DIIs came to rescue
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In India too, jitters of upcoming recession had been felt with FIIs withdrawing Rs 12,684 crore from fairness market in February this 12 months

Overseas institutional traders (FIIs) offered equities value Rs 90,043.54 crore in monetary 12 months 2019-2020 towards home institutional traders (DIIs) lending help to Indian indices by buying equities value Rs 1,28,208.24 crore.

These institutional traders couldn’t escape the coronavirus disaster which solid a shadow of gloom throughout world markets.  With rising variety of coronavirus circumstances the world over and world markets melting beneath the impact of financial contagion because the second half of February, traders withdrew funds from threat belongings similar to equities and parked them in protected haven belongings similar to gold.

Additionally learn: Coronavirus in India Stay Updates: Aditya Birla Group contributes Rs 500 cr to COVID-19 aid measures

In India too, jitters of upcoming recession had been felt with FIIs withdrawing Rs 12,684 crore from fairness market in February this 12 months.

The incessant promoting continued within the subsequent month with FIIs pulling out Rs 65,816 crore which proved to be the worst sell-off ever for Indian markets.

The FII sell-off and adversarial market circumstances throughout the globe in March weakened sentiment on Indian benchmark indices which logged their largest month-to-month losses ever.

Whereas Sensex misplaced 8,829 factors or 23.05%, Nifty fell 2,604 factors or 23.24% in March. The losses might have been larger for Indian indices had DIIs not come to the rescue of Sensex and Nifty.

DIIs bought equities value Rs 55,595 crore in March to minimise the impression of carnage on Indian indices. When FIIs had been leaving Indian markets, DIIs similar to LIC, public sector insurers and PSUs amongst others had been infusing funds into equities to cap losses in Sensex and Nifty.

In final fiscal, FIIs remained patrons in four months, whereas DIIs remained sellers in three months. Apparently, FIIs had been internet sellers in every of final three months and DIIs indulged in shopping for exercise throughout the identical interval.

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