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Samir Arora says: “When IPOs, which are oversubscribed 70, 80 times, if they are opening 10 and 20% higher, you know the end game is somewhere near. I really believe that some of the consumer durable, consumer discretionary stocks, other than auto and IT will be really bad. Let us see.” ....
FIIs have now net purchased shares worth Rs 29,733.06 crore so far this month. During the same period, DIIs have net bought Rs 3,182.20 crore worth of shares, according to provisional data ....
NSDL data shows that FIIs have bought Indian stocks worth about $1 billion last month in which Nifty ended 5.6% higher. The buying by FIIs, DIIs as well as ever-bullish retail investors have led to an increase in the total market capitalisation of all BSE-listed stocks to $4 trillion and catapulted the index to all-time high levels ....
Thanks to foreign investors relentless buying, the benchmark Nifty50 and Sensex have risen more than 15% from the March lows and reached new highs. Indian equities also joined the club of the best-performing markets in 2023. However, compared to other emerging and developed market peers, India underperforms. ....