HNIs net buyers amid volatility with Rs 1,392-cr inflows in 15 sessions

The bulk of the buying by value is likely to be from HNIs, a market expert said

On Monday, March 16 at 11:30 am, as the markets began a week that would see the S&P BSE Sensex fall below the 30,000-mark, a well-known firm with a large number of high net-worth clients had a conference call. It advised them to boost equity allocations.

At least some high net-worth individuals (HNIs) seem to have been of a similar view. They have been buying amid the general weakness that has characterised March, barring the last few sessions. The Sensex has jumped around 15 per cent in the last three days, though at 29,946.77 (as of Thursday’s close), it remains