FIIs pumped ₹11,100 crore in stocks, while DIIs net sold ₹1,910.86 crore yesterday.
Foreign institutional investors (FIIs) invested ₹1,157.70 crore in shares on November 26, leading to a rejig of the MSCI index. This rebalancing and political stability have boosted market sentiment, with domestic institutional investors selling equities worth ₹1,910.86 crore. The MSCI rejig included five Indian firms, triggering passive inflows estimated at $2.5 billion. Analysts caution against a full-fledged return of FIIs to Indian equities due to the Nifty 50 and Sensex remaining under pressure. CLSA, a brokerage firm, has reversed its ‘overweight’ stance on India, despite significant net foreign investor selling since October, indicating a decline in the China growth narrative.
