Indian Stocks Stay Steady as FPIs Buy ₹15,157 Crore Despite NEET Protests
Updated
Updated · Mint · Jul 21
Indian Stocks Stay Steady as FPIs Buy ₹15,157 Crore Despite NEET Protests
3 articles · Updated · Mint · Jul 21
Summary
₹15,157 crore of net FPI buying in July has reinforced the view that Indian equities remain largely unmoved by CJP protests and Sonam Wangchuk’s hunger strike over NEET and education failures.
Analysts said street agitations matter to markets only if they hit currency stability, policy continuity, fiscal credibility or earnings, and none of those channels has been disrupted so far.
Monday’s Sansad Chalo march turned violent and Wangchuk, fasting since June 28, has vowed to continue; the Delhi High Court on Tuesday proposed shifting him to a Gurugram hospital.
India’s macro backdrop remains the main buffer, with forex reserves at $675.16 billion, 2026 growth forecast at 6.8%, and domestic investors absorbing ₹2.58 lakh crore of FPI selling this year.
Crude is still the bigger market risk: analysts said a prolonged Middle East conflict pushing oil above $100 a barrel would pose a far greater threat than the current protests.