Mayur Bhalerao

Retail investors bought equities worth a net ₹ 39,287 crore during the three months ended June, according to the National Stock Exchange (NSE) data.

The 30-share Sensex rose 0.75% for the week, while the broader Nifty 50 gained 0.53%, with most of the gains coming on Friday. The Nifty jumped 1.1% to close at 24,334.30, while the Sensex advanced 1.25% to settle at 78,151.44, its highest closing level since 12 June 2026.

A Mint analysis of India's 20 largest IPOs shows market sentiment often shapes listing-day performance, though strong institutional demand can cushion even volatile market debuts.

The optimism reflects the underperformance of Indian equities relative to other emerging markets and the US, along with a moderation in valuations.

Benchmark Nifty 50 and the Sensex fell 0.4% each on Friday to close at 23,767.45 and 76,059.75, respectively. For the week, the Nifty lost 2.3% while Sensex declined 2.6%, their steepest fall since the week ended 15 May, when the benchmarks had shed 2.7%.

Net buying surged to ₹ 39,287 crore during the June quarter as individual traders balanced momentum plays with bargain hunting in beaten-down blue chips.

Overseas investors snapped a four-month selling spree in July by pouring ₹9,613 crore into Indian equities. Experts view the shift as tactical repositioning rather than a structural return, even as strong domestic inflows absorb global volatility.

IT stocks spearheaded the rally, with the BSE IT gaining 6.5% during the week.

Promoters typically pledge shares as collateral to raise funds, although pledging does not necessarily indicate financial trouble.

Stock market logged positive breadth for four straight months through July, signalling broad rally participation. However, historical data suggests similar prolonged stretches often lead to muted Sensex returns in the near term.