On weekly chart, the index has formed a long bullish candle. The FII long-short ratio stands at 0.47, indicating short-covering by FIIs. The index has closed above the declining channel from its all-time high of 26,277 on weekly chart, signaling the potential for further upward movement towards 23,800 and 24,000.
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
May 25, 2026