---

◾Indian stock markets have remained resilient throughout 2022 despite flash selloffs from FII Because of Domestic investors.

◾According to data, foreign investors have pulled out over ₹2.6 lakh crore from the equity markets in 2022 till date, whereas domestic investors have put in over ₹2.32 lakh crore. This indicates For every ₹100 pulled out by foreign investors, domestic investors have plowed back nearly ₹89.

◾#NIFTY50 has rebounded sharply after the June crash; its contemporaries like S&P 500 and DJIA are yet to recover fully. But within the Nifty universe, too, not every sector has rebounded yet.

◾Analysts maintained their bullish stance on select sectors in light of the upcoming post-Covid CAPEX boom.

◾The three standouts are #NIFTYIT, Smallcap and #NIFTYPHARMA , which have not only fallen off their highs, but Nifty IT specifically has lost nearly a third of its value this year alone.

◾Nifty IT is also amongst the worst performers post the June 16 market crash – it has increased by just 1.6% since then, while every index except Pharma has given double-digit returns.

Following graph shows individual index returns

Source: Business Standards and NSE