Net DII outflow highest in Nov, while FIIs log biggest monthly inflow

Mumbai, Dec 1 : The Indian equity market witnessed a significant dichotomy in November as the domestic institutional investments (DII) logged the highest outflow of funds at $5.9 billion, although net foreign institutional investments (FII) purchase touched an all-time high for any month ever.

"Nov20 witnessed a dichotomy in flows between FII and DII.FII inflows were at the highest levels at $8.3 billion, while DII sustained the highest net outflows of $5.9 billion," said a report by Motilal Oswal Institutional Equities.The report further noted that Nifty50s market-cap continues to trade at all-time highs.

Nifty m-cap is 13 per cent above December 2019 levels.However, Nifty Mid-cap 100s market cap is still down 12 per cent from the peak, although it is above December 2019 levels.

It noted that 45 of Nifty50 stocks gained last month.So far in 2020, 31 Nifty stocks have delivered positive returns, said the report.

Further, 182 of BSE-200 constituents gained in November 2020, with 116 stocks posting over 10 per cent gains MoM, leading to a broad-based rally.So far in 2020, around 120 of BSE-200 constituents posted positive returns, with 45 stocks returning over 30 per cent.