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Market move● Neutral for Indian equities
$56 bn FII outflows in 3 years offset inflows since CY2019: MOFSL
The brief
- FII outflows of $56 bn over three years offset inflows since CY2019
- DIIs invested around $177 billion in Indian equities over the past 24 months
- Domestic flows are cushioning foreign selling, relevant to Indian equities and market sentiment
- Markets sink to April lows at noon; crude surge, FII selling batter sentiment across sectors
- Bulls out of steam, it’s slow & steady on D-Street
- IPO Calendar: 20 new issues to open for subscription in busiest week of the year
- FIIs remain net sellers for sixth week, offload ₹11,490 crore; DIIs buy ₹16,398 crore
- FIIs sell ₹11,490 crore in 5 days as Nifty ends 7th straight week lower