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Foreign Institutional Investors (FIIs) have been rapidly exiting Indian markets, and this high-speed exodus does not look like it will stop anytime soon. In October 2024, FIIs withdrew Rs 1,14,445.89 crores from Indian markets. Yesterday, FIIs withdrew $770.67 million from the markets, with equity outflows of $440.86 million and debt outflows standing at $327.44 million across various categories. Per NSDL data, hybrid outflows amounted to $2.31 million.<br /><br /> While this may sound dissuading at first, a recent SBI report underlined that FIIs still hold a massive $ 18.241 billion in Indian markets. So far, FY25 has seen FII inflows worth $ 8.924 billion. <br /><br /> However, the situation may quickly turn alarming as well, given that FII holdings in Indian equities have already come down to a 12-year low. Says Anirudh Garg, Partner and Fund Manager at Invasset PMS, "The current valuation of Indian stocks, trading at around 24 times expected earnings, appears high compared to Chinese stocks, which are at approximately 10 times. Economic concerns, including weak corporate earnings and declining consumer demand, further exacerbate this situation. Additionally, renewed fears of inflation and potential monetary tightening by central banks have led FIIs to withdraw from the Indian market." <br /><br /> In the meantime, DIIs (domestic institutional investors) are stepping in big time. During October 2024, DIIs infused Rs 1,07,254.68 crore in Indian markets. In November so far, DIIs have been keeping the fund momentum going, infusing Rs 12,265.74 crore in India, while FIIs have offloaded Rs 16,445.49 crore this month.<br /><br />But despite this strong uptick, SBI's recent report suggests that consumer confidence in India remains below 100, signaling muted positivity and optimism in the economy. While household consumption is gradually recovering, it grew at 4% last year, much below the 7% levels recorded pre-pandemic. <br /><br /> <h2>FII share in <keyword id="20868945" type="General" weightage="20" keywordseo="NSE-listed-companies" source="keywords">NSE-listed companies</keyword> takes a dip, DII stake rise<br /></h2>FIIs share in NSE-listed companies stood at 15.98% in October, with assets under their custody in the equity segment coming to Rs 71.08 lakh crore last month. In September, this stood at Rs 77.96 crore. Experts suggest that this is likely to continue for some time to come. <br /><br />Mutual funds, on the other hand, saw their share in NSE-listed companies hit a record high of 9.58%, as opposed to their 9.32% stake in September 2024. <br /><br />FIIs turned net sellers in the debt segment as well in October, dumping $771 million in Indian markets. This comes after 2 consecutive months of healthy inflows in this segment in August and September 2024, where the figures stood at $2,806 million and $2,295 million, respectively. <br />

FII stake in Indian equities dips to a 12-year low

The ongoing <keyword id="20168812" type="General" weightage="20" keywordseo="sell-off" source="keywords">sell-off</keyword> by <keyword id="19900795" type="General" weightage="20" keywordseo="foreign-investors" source="keywords">foreign investors</keyword> continues to loom large on <keyword id="19991358" type="General" weightage="20" keywordseo="Indian-markets" source="keywords">Indian markets</keyword>. In October so far, <keyword id="19950996" type="General" weightage="100" keywordseo="FIIs" source="keywords">FIIs</keyword> (foreign institutional investors) have already withdrawn Rs 74,732.20 crores. Not for a single day this month have FIIs poured money into <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>. The sell-off started on October 1, when foreign investors withdrew Rs 5,579.35 crore. The highest withdrawal of this month came on October 3. 2024, when FIIs sold Rs 15,243.27 crore worth of assets. Yesterday, i.e. on October 17th, FIIs pulled out Rs 7,421.40 crore from the markets. <br /><br />Experts state that FIIs are continuously putting pressure on Indian stocks, but the situation is expected to improve in the coming weeks with a sharp recovery anticipated.<br /><br />"We remain optimistic as the FII selling may have crossed the half way mark already and as it tones down, the domestic flows will help a recovery. When the recovery happens it will sharp and concentrated, giving long term investors motivation to stay put during the harrowing volatility of a roller coaster market that has repeatedly tested support levels but remains oversold, hence ripe for a bounce sometime in the next few weeks" said Ajay Bagga, Banking and Market Expert to ANI. <br /><br />Between January and October 2024, foreign investors have invested a net of 1,87,298 crore in India. This year, apart from the current sell-off, January, April and May also saw <keyword id="23593694" type="General" weightage="20" keywordseo="investment-outflows" source="keywords">investment outflows</keyword> by FIIs. <br /><br />The intense selloff comes right after September, when foreign investors invested a record Rs 93,538 crore in the Indian markets. June, July and August 2024 had also seen positive inflows from foreign investors of about Rs <br />41,757 crore, Rs 48,796 crore and Rs 25,493 crore respectively. <br /><br />However, a resilient, strong domestic investor base is keeping Indian markets afloat. <keyword id="21714171" type="General" weightage="20" keywordseo="DIIs" source="keywords">DIIs</keyword> (domestic institutional investors) have been consistent buyers throughout this month, largely balancing the outflows prompted by FIIs. In October so far, DIIs have invested about Rs 68,961.37 crore in the market, with the highest monthly inflow coming in on October 7th. While DIIs invested Rs 13,245.12 crore in Indian markets on that day, foreign investors withdrew Rs 8,293.41 crore. <br /><br />Yesterday i.e. on October 17, 2024, DIIs invested Rs 4,979.83 crore in the markets. At present, experts note that DIIs are flush with cash at the moment, with <keyword id="20052797" type="General" weightage="20" keywordseo="mutual-fund-inflows" source="keywords">mutual fund inflows</keyword> reaching an all-time high of Rs 24,509 crore in September 2024, a record 52.78% jump from the corresponding year ago period, where they stood at Rs 16,042 crore. <br /><br />Generally, keeping around 3-5% of their assets in cash is considered an acceptable practice amongst mutual fund houses. As per reports, mutual funds are currently in possession of Rs 1.86 lakh crore worth of cash, which constitutes 5.03% of their total AUM as of September 2024. <br />

Exodus of foreign investors from Indian markets continues unabated in October. But DIIs are holding the fort steady

<p><strong><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div></strong></p><ul class="summary-list"><li><strong>Second-year guard Derrick White had a breakout season for the San Antonio Spurs and is carrying them in the playoffs.</strong></li><li><strong>White was another hidden gem the Spurs unearthed, the 29th pick in the draft who spent three years of college playing at a Division II school.</strong></li><li><strong>White scored 36 points with 5 rebounds, 5 assists, and 3 steals in the Spurs' Game 3 win over the Denver Nuggets, giving San Antonio an opportunity to take a commanding 3-1 series lead with a Game 4 win.</strong></li><li><span><a href="https://www.businessinsider.com/?hprecirc-bullet"><span>Visit BusinessInsider.com for more stories</span></a></span><span>.</span></li></ul><p>Perhaps the best player in the first round playoff series between the San Antonio Spurs and Denver Nuggets is the player with least NBA pedigree.</p><p>Spurs guard Derrick White had an unusual path to the NBA. He didn't receive any scholarship offers out of high school and attended the University of Colorado - Colorado Springs, a Division II school.</p><p>Following a growth spurt, White became the best player on the UCCS basketball team. He averaged 25 points, 7 rebounds, and 2 assists his junior year and became the school's all-time leading scorer. He decided to transfer to Colorado, a DI school, for his senior year.</p><p>"I was like, I gotta challenge myself, and took a risk and ended up transferring to Colorado," <a href="https://www.youtube.com/watch?v=xaiYJpo2Gc8">White recently told ESPN</a>.</p><p>The Spurs drafted White with the 29th pick in the 2017 draft and unearthed yet another hidden gem.</p><p>White, who took over the Spurs' starting point guard job this year after presumed starter Dejounte Murray tore his ACL in the preseason, has dominated the playoffs.</p><p></p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>White is averaging 23 points on 69% shooting, 33% from three, with 4 rebounds and 3 assists per game in the playoffs. His latest performance was a 36-point, 5-rebound, 5-assist, 3-steal outing on Thursday to help the Spurs beat the Nuggets in Game 3 and take a 2-1 series lead.<p>White's game isn't terribly flashy but he's patient and persistent. In Game 3, the Spurs seemed to unlock the key to beating the Nuggets defense - attacking the rim. White was relentless on Thursday in getting to the basket.</p><p>White is also a stout perimeter defender and has been crucial in making mercurial Nuggets guard Jamal Murray uncomfortable. Murray has gotten untracked for just one quarter through the series so far.</p><p>The Spurs have struggled on defense this year and haven't quite turned things around in the postseason. However, with White on the floor, they've had a defensive rating of 107.4, five points better than their average for the playoffs.</p><p>In total, with White on the floor in the playoffs, the Spurs have outscored the Nuggets by 23, a healthy margin considering the total margin for the series is just six, in the Spurs favor.</p><p>As ESPN's Zach Lowe has said throughout the series, White is going to introduce himself to a much larger basketball-watching audience.</p><p>How did the Spurs manage to find White, yet another hit late in the draft, when most teams are taking 50-50 shots? Even Gregg Popovich couldn't tell you.</p><p>"I never even saw him, never even knew he existed in the world," Popovich told ESPN of scouting White. "Didn't know he was on the planet.</p><p>"I'm busy. I've got other stuff to do. I can't watch this guy. I don't know who these guys are. I'm at dinner. I'm ordering wine. I'm relaxing."</p><p>Popovich praised Spurs GM R.C. Buford for finding White.</p><p><em><strong>Read more: </strong><a href="https://www.businessinsider.com/gregg-popovich-derrick-white-scout-wine-2019-4">Gregg Popovich joked that he was too busy ordering wine at restaurants to scout the Spurs' latest breakout player in college</a></em></p><p><span>"I just have a chip on my shoulder," White told reporters after the game. "This is the way I would play since I was young. I am just trying to get out there and compete and have fun."</span></p><p>The Spurs have the chance to take a commanding 3-1 series lead with a win in Game 4 in San Antonio on Saturday.</p><p>Much has been made about the Spurs' transition from the Big Three era and their trade of Kawhi Leonard. They've played a different brand of basketball this season - not always to great success - but optimists cited DeMar DeRozan and LaMarcus Aldridge's one-on-one scoring abilities as a reason the Spurs could succeed in the playoffs.</p><p>If history has taught us anything about the Spurs, however, it's that it ends up being an unlikely role player, with an unusual basketball background who makes all the difference. This year, it's White leading the charge.</p><ul class="read-more-links"><li>Read more from Scott Davis:</li><li><a href="https://www.businessinsider.com/gregg-popovich-tips-restaurants-wine-2019-4" data-read-more-link="" data-e2e-name="read-more-link">Gregg Popovich spends an estimated 7 figures per year on team dinners and reportedly leaves $10,000 tips, wads of cash, tickets to games, and bottles of his custom wine for staff</a></li><li><a href="https://www.businessinsider.com/nba-playoffs-free-agency-stakes-2019-4" data-read-more-link="" data-e2e-name="read-more-link">The NBA playoffs have the highest stakes in years, and it could lead to a massive summer</a></li><li><a href="https://www.businessinsider.com/kevin-durant-kyrie-irving-free-agency-rumors-knicks-2019-3" data-read-more-link="" data-e2e-name="read-more-link">The Kevin Durant-Kyrie Irving free agency hype is reaching a fever pitch, and the Knicks are heavily involved</a></li><li><a href="https://www.businessinsider.com/photos-nba-stars-when-careers-started-2017-5" data-read-more-link="" data-e2e-name="read-more-link">What the NBA's biggest stars looked like when their careers began</a></li></ul><div></div><div></div><div></div><div></div>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/pro-golfer-intense-standoff-tiger-woods-us-open-2017-7">What it's like to go into sudden death with Tiger Woods</a></h3>        <div>                    </div>    </div>

24-year-old Spurs player who was playing DII basketball 3 years ago is now dominating the playoffs

<p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><ul class="summary-list"><li><a href="https://www.businessinsider.com/category/oakland-raiders">Oakland Raiders</a> safety Erik Harris snagged two <a href="https://www.businessinsider.com/category/interception">interceptions</a>, one of which he took to the house, in his team's 26-24 victory over the <a href="https://www.businessinsider.com/category/los-angeles-chargers">Los Angeles Chargers</a> Thursday night.</li><li>Harris' big night was all the more impressive given his meandering path to the <a href="https://www.businessinsider.com/category/nfl">NFL</a>.</li><li>The 29-year-old began his <a href="https://www.businessinsider.com/category/football">football</a> career as a Division-II walk-on before going undrafted in the NFL and working at a potato chip factory in his hometown.</li><li>He paid $80 for a <a href="https://www.businessinsider.com/category/cfl">CFL</a> tryout that turned into a three-year stint with the Hampton Tiger-Cats before signing with the NFL's <a href="https://www.businessinsider.com/category/new-orleans-saints">New Orleans Saints</a> in 2016.</li><li><strong><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more.</a></strong></li></ul><p>Erik Harris traversed a long and winding road to the NFL, but now that he's made it, he's taking full advantage.</p><p>The Oakland Raiders safety - who began his football career as a Division-II walk-on - snagged two interceptions, one of which he took to the house, in his team's 26-24 victory over the Los Angeles Chargers Thursday night.</p><p>&#xa0;</p><p></p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div><p>The 29-year-old shined at safety for the California University of Pennsylvania Vulcans, but he was not selected in the 2012 NFL Draft after his graduation, nor was he invited to a single professional minicamp. He moved home to New Oxford, Pennsylvania, and began work at the local Utz potato chip factory.</p><p>But Harris refused to give up on his football goals and decided to go back to school to train while working a part-time job at UPS during the night shift. Soon after, he drove to Buffalo, New York, and paid $80 to work out for the Hampton Tiger-Cats of the Canadian Football League.</p><p>Evidently, the tryout went well. Harris recorded three interceptions, four sacks, and 82 tackles in his three years with the franchise - enough for the New Orleans Saints to take notice.</p><p>Sean Payton and company brought Harris down to the Big Easy in February of 2016. One day later, he signed a deal to live out his NFL dreams. The 6-foot-3, 220-pounder mostly played on special teams during his time in Louisiana, but after seeing time in just four games, he tore his ACL and was later released from the team.</p><p>The Raiders signed him four days later, but even his career in Oakland was relatively slow at first. He only took four defensive snaps during the entire 2017 season, but he found his stride the following year. He registered 36 tackles and two interceptions in the 16 games he played in.</p><p>And thus far in 2019, he's performed even better. He's amassed 38 total tackles, three interceptions, and two touchdowns through nine games.</p><ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/nba-most-hated-team-after-warriors-collapse-2019-11" data-analytics-position="2">With the Warriors crumbling, there's officially a new most hated team in the NBA</a></li><li><a href="https://www.businessinsider.com/duke-freshman-broke-zion-williamson-vertical-leap-record-2019-11" data-analytics-position="2">A Duke freshman broke Zion Williamson's vertical leap record and is now tearing up college basketball with monster dunks of his own</a></li><li><a href="https://www.businessinsider.com/deshaun-watson-credits-popeyes-spicy-chicken-sandwich-after-eye-injury-2019-11" data-analytics-position="5">Texan's Deshaun Watson credited Popeyes' spicy chicken sandwich for his ability to play through a nasty eye injury</a></li><li><a href="https://www.businessinsider.com/nwsl-championship-game-sellout-crowd-what-it-was-like-2019-10" data-analytics-position="6">I went to the National Women's Soccer League title game that had a record-breaking sellout crowd - here's what it was like</a></li></ul><div></div>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/world-famous-sports-logos-hidden-messages-2019-10">10 world-famous sports logos with hidden meanings</a></h3>        <div>                    </div>    </div>

A former DII walk-on who went undrafted in the NFL and worked at a potato chip factory snagged 2 interceptions and became the Raiders' star in their 'Thursday Night Football' win

Ever since Donald Trump won the 2024 US presidential elections, bitcoin has been surging, going up over 40% in the last two weeks. Recently, the cryptocurrency soared past $97,000, having risen 8.32% in just the last 7 days, and is currently trading at $96,906.09.<br /><br /> The overall crypto market is also buoyant, with the crypto volume jumping 10.06% over the past 24 hours to touch $198.83 billion. <br /><br /> The markets are enthused about Bitcoin's prospects going ahead, given that Trump has hinted towards establishing a dedicated role in the White House for deliberating crypto policies.<br /><br /> Trump has been vocally pro-crypto and had promised, during his presidential campaign, to scale back <keyword id="24085738" type="General" weightage="20" keywordseo="crypto-regulations" source="keywords">crypto regulations</keyword> and fire SEC chair Gary Gensler, who had initiated a crackdown on digital assets in the US. The crypto lobby in the US has been advocating for crypto-friendly SECs and access to banks. In a bid to do so, crypto companies have pumped in over $119 million to support pro-crypto candidates. <br /><br /> Says Edul Patel, co-founder and CEO of Mudrex, "Market sentiment grew stronger from Bloomberg's report of Trump’s plan to establish a dedicated White House role for crypto policy. The anticipation of faster regulatory clarity coupled with BlackRock’s Bitcoin ETF options projecting a $176k price target by 2026 has driven BTC’s price to the $95K milestone and beyond."<br /><br />The ongoing rally is not restricted to just bitcoin but also extended to Solana and XRP, which gained 10.85% and 59.02%, respectively, over the last 7 days. <br /><br /> But does this mean that good times are coming for <keyword id="19991358" type="General" weightage="20" keywordseo="Indian-markets" source="keywords">Indian markets</keyword> as well?<br /><br /> Apurva Sheth, Head of Market Perspectives &amp; Research, SAMCO Securities, notes that bitcoin is a proxy for risk-taking in the markets. Bitcoin moving up means the risk appetite of investors is rising. Conversely, if it falls, then investors prefer safety."<br /><br /> Both Nifty and Sensex have lost over 5% each over the last month. FIIs (<keyword id="19932515" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="keywords">foreign institutional investors</keyword>) have also been scrambling out of Indian markets, having withdrawn Rs 1,14,445.89 crores during October 2024 and offloading Rs 34,348.30 crore so far in November. During trade today, Nifty and Sensex remained in red, with Nifty down by <br />0.74% and Sensex down by 0.6%. <br /><br /> DIIs (domestic institutional investors) have been trying to keep the market afloat in both October and November, pumping in Rs 31,636.77 crore in Indian markets in November so far. Last month, DIIs infused Rs 1,07,254.68 crore in the Indian markets.<br /><br />According to an NSE report, by the end of the previous quarter, FPIs holding in NSE-listed companies stood at 36.3%, despite the seventh consecutive quarterly decline. Previously, FIIs holding in listed companies had hit a record high of 39.9% in December 2021. <br /><br />In contrast, DIIs are increasingly making headway into the Indian markets. Active Domestic Mutual Funds (DMFs) have been increasing their investments in the NSE-listed companies. Their ownership in these companies has risen from 12.4% in December 2021 to 15.7% as of September 30, 2024. <br /><br />Banks and insurance companies have also expanded their market share. Their ownership in NSE-listed companies has grown from 8.8% three years ago to 11% as of pr quarter. <br />

You Searched For "dii" and got 5 results

FII stake in Indian equities dips to a 12-year low

Ira Alok Puranik

Exodus of foreign investors from Indian markets continues unabated in October. But DIIs are holding the fort steady

Ira Alok Puranik

24-year-old Spurs player who was playing DII basketball 3 years ago is now dominating the playoffs

Scott Davis

A former DII walk-on who went undrafted in the NFL and worked at a potato chip factory snagged 2 interceptions and became the Raiders' star in their 'Thursday Night Football' win

Meredith Cash,Meredith Cash

The Bitcoin rally does not seem to be stopping anytime soon! Does this spell good news for Indian markets?

BI India Bureau

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