New Delhi, Sept. 2 -- Foreign institutional investors (FIIs) are often seen as the "smart money" in Indian equities, with their buying and selling patterns closely tracked by market participants. But a historical comparison shared by Zerodha co-founder Nikhil Kamath suggests that when FIIs have sold aggressively during major market crises, their timing has not always proved right in hindsight. In several instances, sharp foreign selling was followed by strong gains in the Nifty 50 over the subsequent 12 months, with domestic investors appearing to have navigated such periods more effectively.

"Interesting insight: smart foreign money isn't always right, it's often wrong, in terms of timing Indian stock markets. Foreign institutions vs. d...