Look who was shopping! DIIs poured more than Rs 1 lakh crore in D-St to help Sensex reclaim 30K

Look who was shopping! DIIs poured more than Rs 1 lakh crore in D-St to help Sensex reclaim 30K

Furthermore, they pumped in nearly Rs 7,000 crore in April to help the 30-share index record a fresh intraday high of 30,167.09 on Wednesday. It was not regular foreign institutional investors (FIIs)—considered to be the backbone of Indian markets—but domestic institutional investors (DIIs) who led the rally on D-Street from March 2015 when Sensex recorded its previous all-time high levels 30,024.74. DIIs poured in over Rs 1 lakh crore in Indian equity markets from March 2015 to March 2017 and nearly Rs 7,000 crore in April to help Sensex record…

Read More