FII are the new support to the markets

Today’s Daily Byte

Today, we had a rather unique trading day. The Nifty index reached a new all-time high of 23,722, while most of the broader market was either flat or declining.

The main topic of concern today is the dangerous flows into sectoral funds. According to a lead story in the Economic Times, sectoral or thematic funds have accumulated ₹70,000 crores in the last twelve months

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Reading Time : 4 Minutes

US Recession looming ?

An interesting study on Bloomberg highlights the contrasting performance of small cap stocks in the US and India. The Russell 2000 index, representing small cap stocks in the US, has been trailing large cap names.

This is the opposite of what we see in India, where the small cap index is rising significantly compared to the large cap index. This difference in performance might indicate the health of each economy.. . . . .

Reading Time : 4 Minutes

FII are new support to the markets

Who owns India Inc.? Data shows that 52% of Indian companies are owned by private promoters, including the government.

The real action happens between foreign and local institutions and investors. Foreign Institutional Investors (FIIs) once held more than 20% of the market, but this has dropped to below 18% recently. Meanwhile, domestic mutual funds have increased their share in NSE-listed stocks from 9.5% to nearly 18% over the past eight years. This shift is due to. . . . .

Reading Time : 3 Minutes