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Despite a major sell-off by FIIs, domestic institutional investors have helped stabilize the stock market, supporting confidence and reinforcing market stability. Domestic funds have outpaced FIIs in equity purchases, highlighting their growing role in the Indian financial landscape.
The STI’s positive movement can be attributed to several factors, including robust corporate earnings reports from key local companies and favorable economic data that have buoyed investor sentiment. Notably, shares in Singapore's major financial and real estate sectors saw gains, contributing to the overall increase in the STI. Analysts point to strong performance in these sectors as a critical driver of the index's upward movement.