DIIs pump record $80 billion into markets, but FPI sell-off keeps gains in check
In the last 12 months, total inflows from domestic institutional investors (DIIs) in the secondary market in the last 12 months stood at a record $80 billion, according to industry data. This is more than double the $40 billion outflow from foreign portfolio investors (FPIs). Despite the recent volatility on Dalal Street, the counter-buying by DIIs in…