In a strong market, it would not have made that big an impact as we saw. And finally, when the secondary market numbers came out, domestics were buying nearly 2x the selling by the FIIs. So, clearly, it was a question of domestic investors also selling out while institutions were buying, so that is showing the skittish nature of the market.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is