Nifty logs positive returns 9 times in 10 years in July, FIIs net buyers on 8 occasions
Nifty's beginning of the July series may have been on slippery wicket, its end in the corresponding month over the last ten years are skewed in favour of the bulls. The 50-stock index has settled positive on nine occasions with highest monthly returns of nearly 9% in 2022.
The next highest returns were yielded in 2020 at 7.5%, followed by 2018, 2017 and 2016 when the returns were nearly 6%, 6% and 4%, respectively. In July 2023 and 2021 the returns were 1.44% and 0.26% and Nifty fell nearly 6% in 2019.
Source: Ace Equities
FII/DII action
ETMarkets has also analysed 10-year data pertaining to the inflows/outflows from foreign institutional investors (FIIs) and domestic institutional investors (DIIs) and found that FIIs were net buyers of Indian equities in July on 8 occasions while remaining net sellers twice.
In July last year, FIIs bought domestic shares worth Rs 46,618 core, the highest amount in a decade. It is followed by Rs 13,124 crore worth of buying in 2014. July 2016 and 2012 were next in line with purchases of Rs 12,612 crore and Rs 10,273 crore, respectively. They bought shares worth Rs 2,264 crore in July 2018 which was lowest between 2014 and 2023.
FIIs were net sellers in July of 2019 and 2021 and sold shares worth Rs 12,419 crore and Rs 11,308 crore, respectively.
As for the DIIs, they have been net buyers on six occasions while remaining sellers four times. They were buyers in 2015 (Rs 934 crore), 2017 (Rs 4,786 crore), 2018 (Rs 2,435 crore), 2019 (Rs 20,395 crore), 2021 (Rs 18,394 crore) and
