Well,  if the seemingly cheerful Union Budget could only provide the Indian Stock Markets with short term happiness, the credit sure needs to be given to the Foreign Institutional Investors (FII).

Here is how the FII contribution has fared out after the budget announcement.Since February 26,

FIIs have pumped in over $2.4 billion into the Indian market.

A bulk of this FII inflow has come in March accounting close to 10,900 crores already.Well, the budget definitely provided some long term industry positives and foreign funds are excited to park their money back in Indian shores.

Moreover, this year has already seen a flurry of IPO’s in the primary market.This also suggests the increase FII buying in the Indian Capital markets.After all, institutional investors have been healthy contributors in the IPO subscriptions this year.

But, then why aren’t the markets reflecting the increased buying and trading range bound?

Well, the in-house institutional investors a.k.a. the Domestic Institutional Investors(DII) seem to be playing the role of neutralizer to perfection.

DII’s have net sold equities worth Rs 3,576 crore this month

So, the markets have not been reflecting the true impact of the increased FII buying.Moreover, with the budgets leading to a sudden upsurge in the markets, a lot of retail investors have chosen to book profits across counters which again has taken money out of the market.

The markets are evenly poised right now, with Sensex around 17k levels and NIFTY managing to stay above the crucial 5k level.

It will be interesting to see which way the markets tilt in the coming months.Positive global and domestic cues ( A decreasing food inflation could provide some real upside momentum) might help the markets cause.

I knew it was coming, din’t i.Only a few days back, in the IPO Alert series, DQE IPO was discussed and the detailed analysis may not have been suggestive, i had a gut feeling that this IPO is going to see interest from Investors.Here’s an excerpt from the last post on DQE IPO,

Well, i am seriously considering this one.Even if the company bets on the Outsourcing model, there is enough scope in the animation sector.Moreover, these niche industry IPO’s seem to be doing quite well in the recent months.Who knows i can strike gold too :P

DQ Entertainment IPO has not disappointed at all.DQE IPO managed to get oversubscribed 86 times before closing.Not sure but this might be some sort of record for no IPO in the recent times has managed this kind of interest.

Well, now since the subscription has been over the charts, the true test of potential will only come when it lists in the secondary markets.That is when the hype gets separated from reality.Quite a few IPO’s manage to strike gold when it comes to oversubscription but lose their steam on the very first day of listing