"If we consider the recent flow patterns, China has received 6 times the FPI flow that India has received over the last 5-year period. So, if the Sell China – Buy India narrative continues, we might see continued FPI purchases over the next few years, especially if they are willing to look beyond the slightly elevated valuations at the moment."
If the single biggest reason for the summer rally of 2023 is FII flow, then probably the single biggest trigger for the flood of FII money is the U-turn in FII strategy from ‘Sell India, Buy China during January and February this year to ‘Buy India, Sell China during the last three months.
Dip in dollar index augurs well for India flows financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Indian markets likely to continue bull momentum, Sensex and Nifty targets revised upwards thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The major driver is the return of FPIs, the buoyancy in the global markets, strong macroeconomic fundamentals and the easing of inflation in India. But retail investors should still not go overboard.