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The dollar index "can find some stabilisation around 104.00 into the weekend amid thinner trading volumes and a lack of market-moving data releases in the US," ING Bank said in a note.

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“Unsecured loans get repaid within 30 months as opposed to secured mortgage loans which get repaid in about eight years. Which is why with each passing month, the proportion of secured loans in the portfolio keeps increasing. So, this 14% that you see will keep coming down with the passage of time and we will move to a greater proportion of secured assets in our book.”

Indian markets traded higher on Thursday, led by the banking, auto, and IT stocks

ETMarkets.com found that around 70 stocks where FIIs raised stakes are also in the portfolios of well-known investors on Dalal Street.

“From a sectoral perspective, we are bullish on the top three sectors; one is realty, second is IT which has again come back into the buy zone after the recent correction and the third is public sector enterprises. These are the three sectors which we feel should do fairly well going ahead into the next few weeks.”

The 30-share BSE benchmark Sensex declined 5 points to settle at 66,017. The broader NSE Nifty dropped 10 points or 0.05% to end at 19,802. From the Sensex pack, UltraTech Cement, L&T, Bajaj Finance, TCS, and NTPC ended in the red, while IndusInd Bank, JSW Steel, Bharti Airtel, Wipro, and HDFC Bank closed in the green.

“Mutual funds as an industry and most fund managers have been able to do a pretty good job at evaluating the strength and the value proposition that most such new age companies are offering. When the first new age company came in, we were very averse to even looking at such loss-making companies coming in but there is a reason why each of these companies have the value that they enjoy today.”

“FIIs’ broader market interest has gone up dramatically. Second, it says that India has a reasonably large number of stocks in the capital markets, largest in the world, in fact. India cannot be represented by the top 100. The domestic guys have also had flows over the last few months.”

The downtick in FPI holding in September and October was at Rs 2,273 crore and Rs 2,657 crore, respectively, and was despite domestic fundamentals approaching their historical best, ICICI Securities said in its report, referring to the situation as “ironic”. The brokerage has come to this conclusion after analysing the shareholding pattern of listed companies from their corporate filing data.