Massive Foreign and Domestic Institutional Investments in Indian Equities in March 2024
| Aspect | Details |
|---|---|
| FII Investments in India | $3.63 billion in March 2024, highest since December 2023. India emerged as the top Asian destination. |
| Domestic Institutional Investors | Net buyers with Rs 52,467 crore, a four-year high. |
| Other Asian Markets | Inflows: South Korea ($2.91B), Taiwan ($1.14B), Indonesia ($585M). Outflows: Japan ($5.35B), Thailand ($1.13B), Malaysia ($514M), Vietnam ($197M), Philippines ($40M). |
| Drivers of Inflows | Block deals, index rebalancing, undervalued stocks, cash reserves, and year-end positioning. |
| Major Block Deals | BAT Plc (ITC), Rakesh Gangwal (Interglobe Aviation), Tata Sons (TCS), Singtel (Bharti Airtel). |
| Market Performance | Declines: Sensex (-0.1%), Nifty (-0.1%), BSE MidCap (-0.7%), BSE SmallCap (-5.53%). |
| Market Challenges | ED raids, SEBI warnings, liquidity stress tests, fears of RBI intervention, forced liquidations. |
| Future Outlook | Mutual fund SIP flows expected to remain stable, attractive valuations, bullish outlook for mid and small-caps. |