Why are FIIs selling? Invert the question - Why are domestic investors buying? 

The debate of #FIIs  selling is a distraction. The bigger concern is significant promoters selling, private equity selling & listing via insanely priced #IPOs  & #QIPs. That is the real red flag. Who is the conscience keeper here for domestic investors? Forced buying doesn’t get the right price. 

In 2024,almost $35 BN has been sold by FIIs. Another significant amount of appx $30 BN has been sold by Indian promotors & private equity firms via QIPs & fresh issuance. Who paid for these exits? The retail investors. 

Hyundai raised $ 3.3 Bn overnight & we are very happy to let them walk away with it when across the globe, auto companies are at single digit multiples. When Zomato says that they will get the foreign capital to below 50%, that is like taking money out of India. Why don’t we question that? Why are you buying these stories with no serious profit prospects? You always have a choice.