The Core Report #825 Indian Institutional Investors are Providing a Floor in the Markets
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Mar 17, 2026 Sourav Mitra, Partner–Oil & Gas at Grant Thornton Bharat, explains India’s LPG, crude and gas supply posture. Ambareesh Baliga, market expert, breaks down how institutional flows are steadying markets and when valuations look tempting. They probe geopolitical risks around the Strait of Hormuz, supply rerouting, FX moves and what keeps India’s energy and capital markets resilient.
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Refiners Asking For Advance Payments Amid Cash Flow Strain
- State‑owned fuel retailers have asked dealers for advance payments as refiners face revenue losses from selling petrol and diesel at pre‑war retail prices.
- The All India Petroleum Dealers Association warned credit strains could squeeze dealers who also extend credit to government and transport clients.
Indian Institutional Investors Provide A Market Floor
- Indian markets showed resilience as institutional buying and value hunting cushioned volatility during the Iran‑US conflict.
- Ambareesh Baliga noted panic selling by retail and HNI investors while mutual funds provided stability by buying larger cap stocks.
Two Tier Market From Mutual Fund Buying Patterns
- Mutual funds concentrate purchases in the top ~400–500 stocks, creating a two-tier market since 2020–21.
- Baliga explained mutual funds avoid sub‑₹5,000–7,000 crore market caps, leaving small caps driven by retail and HNIs.