Over the last five trading sessions ending on October 17, the Nifty gained 1.7%, rising by 425 points to close at 25,710. The benchmark index ended in positive territory on three of the five days. Notably, during this rally, nine stocks from the Nifty500 index recorded gains in each of the five sessions. (Data Source: ACE Equity)
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