DIIs picked up shares worth ₹9,093 Crore amidst market turmoil on March 13

14 Mar 2024 , 11:08 AM

On March 13, domestic institutional investors (DII) purchased ₹9,093.72 Crore in equities as the Sensex and Nifty fell sharply. Foreign institutional investors (FII) sold ₹4,595.06 Crore, according to preliminary stock market data.

During the trading session, DIIs purchased shares worth ₹20,267.90 Crore and sold shares for ₹11,174.18 Crore. FIIs acquired ₹33,223.63 Crore of stock and sold ₹37,818.69 Crore of shares.

The Indian benchmark indices were under pressure today, with the Sensex finishing down 906.07 points, or 1.23%, at 72,761.89, and the Nifty 50 down 338.00 points, or 1.51 percent, at 21,997.70. Broad-based selling in the midcap and smallcap divisions continuing, with the BSE Midcap and BSE Smallcap indexes down 4% and 5%, respectively.

Investor sentiment towards small-cap companies has deteriorated owing to a variety of issues. The ED raid on Dubai-based hawala operator Hari Shankar Tibrewal and 13 other businesses, as well as the SEBI-mandated stress test on small and midcap mutual funds, have placed pressure on small-cap equities.

So far in March, FIIs have purchased ₹9,818.97 in shares, while DIIs have acquired ₹28,589.28 in equities. DIIs were net sellers just on March 2, when they sold ₹44.71 Crore worth of shares.

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