Bulls Take Charge of Dalal Street

The last fortnight has been extremely upbeat as Indian benchmark indices, which had been fluctuating in a particular range, had a significant boost and managed to reach all-time highs not only once, but also set new records in back-to-back sessions. Significant FPI inflows, which continued to demonstrate trust in Indian stocks as a result of the country’s improved macroeconomic outlook and the upcoming corporate earnings season, were one of the key drivers of this optimism. Moreover, one of the biggest single-day FII inflows was recorded during the period. While FIIs were the net buyers over the past two weeks, DIIs have turned to being net sellers.