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 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,…
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DIIs book profits in longest selling streak in 4 years (opens The Economic Times in a new tab)
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…
