Stock Market:FIIs are once again seen buying in the Indian market for the last two trading sessions. This has started such a discussion in Dalal Street that now the market has fallen to its maximum possible low and now it will see an uptrend from here. Now after a long weekend, when the market opens on Monday, we will see strong buying by FIIs. However, the major concern of the market is the DII, which has been seen taking a protective stance in the recent market downturn due to the Russo-Ukraine war.
Veteran investor Vijay Kedia says that once the current geopolitical tensions subside, the market will see a strong rebound once. He also said that the real market game will start only when DII and FII are both net buyers.
Expressing his views on his Twitter handle, Vijay Kedia has said that the game will start in the market when FIIs will be seen buying in the market and DIIs will also be seen becoming buyers instead of working as jobbers.
Significantly, despite heavy buying by DIIs, FIIs are seen selling continuously in the Indian market since October 2021. FIIs bought shares for Rs 121,023.61 crore in March 2022, while they sold shares for Rs 162,640.79 crore in the same period. In such a situation, he was a net seller of Rs 41,617.18 crore in the Indian market in March. However, FIIs have been net buyers for the last 2 days. On March 16, there was a purchase of Rs 311.99 crore by FIIs in the Indian markets. At the same time, on March 17, he put Rs 2800.14 crore in the Indian market.
Also read- FII again in the buying mood, the market was seen for the second consecutive week
Now if we look at DII, in March 2022, DII has bought 113,271.75 crore shares while in the same period they have sold 81,651.73 crore shares. This means that DIIs have injected Rs 31,620.02 crore into the Indian markets in March and have been net buyers during this period. Similarly, DII made purchases of Rs 42,084 crore in the Indian markets in February 2022, Rs 21,928 crore in January 2022 and 31,231 in December 2021 and Rs 30,560 crore in November 2021.
Looking at the movement of the market last week, in the week ending March 17, the Indian market saw a rise for the second consecutive week. The market closed with a gain of 4 per cent on factors such as the easing of crude oil, the possibility of further pacifism between Russia and Ukraine and the return of FII buying after 10 weeks.
The BSE Sensex closed at 57,863.93 with a gain of 2,313.63 points, or 4.16 per cent. On the other hand, Nifty closed at 17,287.05 with a gain of 656.6 points or 3.94 per cent.
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