Street signs: Domestic institutions book profits in March

IPO of Shankara Building Products managed to garner healthy subscription of 40 times last week

Joydeep Ghosh Pavan Burugula & Ashley Coutinho  |  Mumbai 

The tide of portfolio investments has turned in March, as domestic institutional investors (DIIs) turn net sellers after being buyers for six straight months. DIIs sold shares worth Rs 8,758 crore in March. At the same time, foreign institutional investors (FIIs) have been net buyers of Rs 21,234 crore this month. Market players say since the financial year is coming to an end, DIIs, especially insurers, are selling to strengthen their profit and loss accounts. FIIs sold aggressively in the last quarter of the year for the same reason. DIIs were net buyers in those months. Joydeep ...

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Street signs: Domestic institutions book profits in March

IPO of Shankara Building Products managed to garner healthy subscription of 40 times last week

IPO of Shankara Building Products managed to garner healthy subscription of 40 times last week The tide of portfolio investments has turned in March, as domestic institutional investors (DIIs) turn net sellers after being buyers for six straight months. DIIs sold shares worth Rs 8,758 crore in March. At the same time, foreign institutional investors (FIIs) have been net buyers of Rs 21,234 crore this month. Market players say since the financial year is coming to an end, DIIs, especially insurers, are selling to strengthen their profit and loss accounts. FIIs sold aggressively in the last quarter of the year for the same reason. DIIs were net buyers in those months. Joydeep ... image
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