Bulls took control on D-Street in last 5 out of last 10 years
Indian markets witnessed a smart rebound in November and December which helped the benchmark indices recoup losses and close with single-digit gains for the year 2018.source- www.moneycontrol.comNifty gave merely 3 percent return in INR terms and (-6) percent return in USD terms, and S&P BSE Sensex gave about 6 percent return in INR terms. Now, as we step into 2019, hopes are building up for a string pre-budget rally. Bulls pushed the S&P BSE Sensex higher by 10.8 percent in January 2012, followed by 6.3 percent monthly return seen in 2018, and 6.09 percent gain recorded in 2015. Meanwhile, Sensex was lower by 10.8 percent in January 2011, followed by 6.8 percent drop seen in 2010, and about 5 percent fall in January 2016. Foreign investors (FIIs) have mostly shied away from Indian markets in January. Anecdotal evidence suggests that FIIs pulled out money from Indian markets in 6 out of the last 10 years.
They were net sellers in Indian markets in the year 2008 when they pulled out Rs 17,326 crore, followed by Rs 10,968 crore in the year 2016, and in the year 2011, FPI were net sellers for January to the tune of Rs 6,330 crore.
FPIs were net buyers in January 2013 when they poured in over Rs 20,000 crore, followed by 2015 when they invested Rs 17,689 crore, and in 2018, FPIs poured in over Rs 14000 crores. Even though foreign investors were mostly net sellers in the month of January in the last 10 years, experts feel that the India story still remains intact among the emerging market space which would attract more flows in near future. Fund managers remained net buyers in India markets for the month of January in five out of the last 10 years. MFs poured in nearly Rs 9,000 crore in the month of January in 2018, followed by 2016, and 2017, and 2008 when they bought more than Rs 5,000 crore.
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