Domestic funds splash $1 billion/day on shares in dip-buying spree

Domestic funds splash  billion/day on shares in dip-buying spree

Indian funds bought more than $1 billion of shares daily for three straight sessions through Monday, helping absorb large sales by foreign investors amid a rotation into China’s rebounding markets. Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg. ETMarkets.com Stocks … Read more

FIIs: $3 billion in 10 days! 3 reasons why FIIs are buying Indian stocks non-stop

FIIs:  billion in 10 days! 3 reasons why FIIs are buying Indian stocks non-stop

NEW DELHI: Despite the 75 bps rate hike by the US Federal Reserve earlier this month and not-so-cheap valuations on Dalal Street, foreign institutional investors or FIIs have been buying Indian stocks as if there is no tomorrow. FIIs have been net buyers in all the last 10 trading sessions and have cumulatively accumulated equities … Read more