FII selling eases in October as technology and telecom attract foreign investors: Motilal Oswal

BusinessLine reported that selling by foreign institutional investors (FIIs) eased in October, with technology and telecom drawing foreign money, according to a Motilal Oswal note. The same report said domestic institutional investors (DIIs) put in $6.3 billion during the month, extending their buying streak to 39 consecutive months. FIIs are large overseas funds such as foreign mutual funds and pension funds that buy Indian shares; DIIs are Indian institutions such as mutual funds, insurers and provident funds. The report does not give the October FII figure itself, only that selling was lighter than before. The $6.3 billion is the money DIIs invested in October alone, not over the 39 months. The headline's point is the split: overseas money turned lighter on selling while Indian institutions kept buying.

AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine