Foreign institutional investors (FIIs) are projected to become persistent purchasers as the market corrects more and valuations improve.
However, recent FII activity has been quite volatile, with some turning sellers in the Indian market.
In November, FII selling was lower than in October, with total selling through stock markets amounting to Rs 39,315 crore.
This is mainly attributable to lower valuations generated by the market slump. Earlier this week, FIIs made a significant comeback, investing Rs 11,100 crore in Indian stocks across three sessions.
This might suggest renewed confidence in India’s economic story in the face of global obstacles, as well as provide hope for near-term market stability. The Indian stock market has enjoyed a robust rebound, with the Sensex and Nifty indices closing in the green
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In November, FII selling was lower than in October, with total selling through stock markets amounting to Rs 39,315 crore.
This is mainly attributable to lower valuations generated by the market slump. FIIs made a big comeback earlier this week, investing Rs 11,100 crore in Indian stocks over the course of three days.
This might suggest renewed confidence in India’s economic story in the face of global obstacles, as well as provide hope for near-term market stability.
We can see that the Bhartiya stock market has enjoyed a strong resilience, with the Nifty & Sensex indices closing in the green.
The domestic market experienced a broad-based, large-cap gain, with the holiday season helping the discretionary market business sectors.
