Bulls Take Charge of Dalal Street
Dalal Street Investment Journal|July 17, 2023
Indian headline indices are setting fresh highs in back-to-back sessions, fuelled by optimism amid robust FII inflows and an expected solid earnings season.
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.

This story is from the July 17, 2023 edition of Dalal Street Investment Journal.

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This story is from the July 17, 2023 edition of Dalal Street Investment Journal.

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