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August sees strong return of FIIs – After a strong recovery of ~10 percent in Jul’22, the Indian markets remained in the positive territory, posting gains of 3.5 percent. More importantly, the FIIs returned in a major way as they bought ~ Rs 50,000Cr in August. Although the pace has reduced, the MFs continued to remain net buyers to the extent of ~ Rs 2,770Cr. The markets did give away some gains in the second half of August post cautious commentary regarding the inflation and the measures to tackle it. The growth outlook and optimism levels for Indian and Advanced Economies are different and the reversal in the trend of FII flows reflects India’s strong positioning.

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