Despite foreign sell-offs, domestic investments keep India's equity market stable, banking stocks lead optimism.

Despite Foreign Institutional Investors (FIIs) selling $13 billion worth of equities in October and November, Domestic Institutional Investors (DIIs) have kept the Indian equity market stable with inflows of $5.3 billion in November. DIIs have invested a total of $58.9 billion year-to-date, compared to $22.3 billion last year. Banking stocks are expected to lead growth, with HDFC Bank and SBI seen as safe bets due to anticipated supportive monetary policies. The market faces uncertainties, including earnings moderation and geopolitical factors, but experts remain optimistic about sectors like healthcare, real estate, and FMCG.

December 03, 2024
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