NIFTY  9,595.10  0.90%
  SENSEX  31,028.20  0.90%
 CURRENCY  Rs  64.62/$ 72.34/€, 83.25/£
  GOLD  28,884.00  0.78%
  SILVER  40,130.00  0.82%
  DAX  12,602.20  -0.15%
  FTSE  7,547.63  0.40%
  CAC  5,336.64  -0.01%
  HANG SENG  25,639.30  0.03%
  NIKKEI  19,686.80  -0.64%
  Shanghai Composite  3,110.06  0.04%
  DOW JONES  21,082.90  0.34%
  NASDAQ  6,205.26  0.69%
  S&P 500  2,415.07  0.44%
INDIAN HOTELS - MD & CEO Rakesh Sharma Resigns Due To Personal Reasons Effective Sept 30 EARNINGS REPORT - Divi's Labs To Pay Dividend Of Rs 10/Share

Local Algos Dominate Indian Stock Market

Video:

Play this video

In June, FIIs pulled more than $7 billion out of India, of this $2 billion exited equity markets. While previous waves of FII selling have been accompanied by significant corrections, this time there is a clear divergence between the relative strength of equities and the panic seen in currency markets. This is because while FIIs set the market mood, local algorithmic high-frequency traders rule the Indian stock market.