Buying, selling by MFs and FPIs have a bigger impact on the markets

Buying, selling by MFs, FPIs have a bigger impact on markets than other investor classes

The January-March quarter of calendar year 2023 (CY23) was weak apropos market performance. However, stocks foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) raised stakes in fell less than the ones they had pruned their holdings in. 

FPIs increased their stake in a total of 609 National Stock Exchange-listed companies. There was an average fall of 6.13 per cent in these companies, according to PRIME Database. 

Alternatively, the average fall in the 714 stocks they trimmed their exposure to was 14.2 per cent. Similarly, the 529 and 417 stocks DIIs and mutual funds (MFs) increased stake in fell an