DIIs book profits in longest selling streak in 4 years
Mumbai: Their roles have decidedly reversed.For years, domestic funds have provided the backstop against exiting foreigners, lifting the share of local stock ownership to a record and preventing…
Attributed summary
Mumbai: Their roles have decidedly reversed.For years, domestic funds have provided the backstop against exiting foreigners, lifting the share of local stock ownership to a record and preventing a rout of Indian risk assetsOver the past fortnight, however, as foreign funds have come flooding in, domestic institutional investors (DII) have sought to book the profit of patience.Mutual funds, banks, insurers and retirement funds have turned net sellers over the past…
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