Passage-II
One of the promising features of the current market is that domestic institutions seem to have turned buyers after a very long time. They have been net buyers this month with in ows exceeding by Rs. 80 crore till early this month. Thata's admittedly a small amount, but its signi cance lies in the fact that domestic institutions have been net sellers every month this nancial year except in September when their net purchases amounted to a microscopic Rs. 28 crore. This nancial year’s net sales by domestic institutions amounted to Rs. 2964 crore, which has substantially offset the net in ows of Rs. 3187 crore by FIIs. The net purchases by domesticinstitutions could indicate that money is once again owing into equity funds, eager not to miss the widely expected rally. Part of this reason could be a shift in investor portfolios, as people lighten up on debt and put that money into equity.