Mutual funds pour big money into stocks, markets hit new highs
Mutual funds ramped up their equity investments last month, putting in a massive ₹43,465 crore—more than double October's amount.
Even with a couple of days of withdrawals, the consistent buying by mutual funds boosted market sentiment and pushed the Sensex up by 1,729 points to 85,707 and the Nifty up by 440 points to 26,203.
Retail investors and IPOs keep the buzz going
Retail investors kept showing up through SIPs (Systematic Investment Plans), with inflows hitting a record ₹29,529 crore in October—a 12% jump.
Experts like Nilesh Shah see this trend staying strong thanks to positive experiences and hopes for better company earnings.
Meanwhile, the IPO scene stayed lively too, adding fresh companies and new opportunities for growth.
All signs point to an upbeat mood for India's markets right now.