Clarification:
Certain social media post has incorrectly attributed a statement to HDFC Securities that "India's stock market no longer needs foreign money to survive." This is not our view.
Unmesh Sharma, Head of Institutional Equities in his interaction with ANI concludes that rising domestic SIP participation has strengthened market resilience during periods of FPI outflows and not that foreign capital has become irrelevant. Domestic and foreign capital remain complementary pillars of India's growth story.
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