DIIs Invest Heavily in October as FPIs Withdraw, Nifty Gains Despite Challenges

In October, Domestic Institutional Investors (DIIs), driven by insurance firms and mutual funds, invested Rs 98,400 crore in the cash market, countering the Rs 103,470 crore net sell-off by Foreign Portfolio Investors (FPIs). The Nifty index saw an impressive 25% growth during Samvat 2080, boosted by strong earnings, capex revival, and high domestic demand, even as FPIs withdrew funds. DIIs have invested a record Rs 463,984 crore in the secondary market since last year, ensuring market stability during recent volatility. Mutual fund inflows, including Rs 24,500 crore through SIPs in September, further strengthened the market

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