DIIs remain bullish on equities; pour in Rs 4,500 cr in May

Continuing with their bullish stance on India for the second month, domestic institutional investors (DIIs) pumped in more than Rs 4,500 crore in equity markets in May. With this, total fund mobilisation by DIIs -- mainly mutual funds and insurance companies -- has reached to Rs 14,850 crore ($2.3 billion) this year so far. "Besides FPIs, DIIs have also been major contributors to the Indian equity markets. This is a positive trend as it reduces the market's dependence on FPI investments and cushions Indian markets from FPI activity. "Off late we have witnessed lesser impact of FPI activity on Indian markets largely due to strong participation by domestic investors. I would prefer this trend to continue as it would make the markets more robust and provide stability," said Himanshu Srivastava, Senior Analyst Manager Research at Morningstar India. Future & Option Trading Tips