Overseas portfolio investors, who have enjoyed strong clout on Dalal Street all this while, are finding themselves up against a group of small-town investors, called B-15, on Dalal Street.
These investors are generally bullish and do not get deterred by the usual gyrations in market mood in response to myriad global cues. And investors from this ‘Beyond-15 cities’ club have gone on pumping money into domestic equities even when analysts kept ringing alarm bells over stock valuations ..