FII and DII Trading activity – April 2020
FII and DII Trading activity – April 2020
The Indian Equity Market, which was fallen down around 23 Percent in the month of March 2020. The Economic Slowdown was happening in the past 18 months, added more with Covid-19 and it leads to Economic Recession.
It was noteworthy that the Nifty50 climbed about 15 Percent in the month of April 2020 - So called, Bear Market Rally. One can remember that there was a lock down throughout the month of April.
There is No Sales or Zero Sales for the Automobile Companies in the month of April 2020 domestically. Therefore the Indian Equity Market has fluctuated over the past one month without any basis. The April month rally in the Stock Market considered as a Small boom, following a Big Fall.
As per the April 2020, there are 18 trading days in the said month. Both Foreign Investors and Domestic Investors were the net sellers in the end of the period. The FII had bought shares of worth Rs. 1,22,483 Crore and sold shares of worth Rs. 1,27,691 Crore. So, the net sales for the month of April 2020 for the Foreign investors were stood at Rs. 5,208 Crore.
On the other side, the domestic investors bought shares of worth Rs. 75,066 Crore and sold shares of worth Rs. 75,183 Crore. So, the Net sales for the DII were stood at Rs. 117 Crore in the end of the month.
Out of 18 Trading days, the FII had the net buyers only for the 3 trading days. On the other hand, the Domestic investors are the net buyers for the 10 Trading days for the month of April 2020.
In the month of April, the Nifty50 were rallied about 1600 Points from the 8,250 Points which was seen in the first day of the said above month. The Q4FY20 results are declaring in the recent days and it will come in the upcoming weeks. The Inflation and other economic numbers would also come.
The Market will stretch itself upside or downside in the upcoming economic activities. However the Q1FY21 earnings are the crucial one the Market Depth. It may have a greater impact on the Equity Market.
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