"It is a good news that domestic investors are owning more of incremental equity in India than foreigners. The domestic flows are driven by increased flow in mutual funds via lumpsum and SIPs, insurance money, provident fund and National Pension schemes. We expect these flows to increase over the coming months. Also, lack of high yielding return avenues shall drive higher flows into the equity market."
India Business News: Sensex, Nifty surge! BJP's better-than-expected performance in the recent state polls has raised hopes for a clear mandate in the upcoming Lok Sabha e
Notably, almost 50% of IPOs have been primary tranche issuances, signaling that companies are raising fresh capital to expand their businesses or pay off debt. This demonstrates promoters confidence in the future prospects of their companies and their belief in the ability of the Indian market to fund their growth aspirations.