New Delhi, April 11 -- If you've been watching Indian markets closely, something feels different. Bad news does not hit the way it used to. Global sell-offs, foreign exits, macro uncertainty - earlier, these would lead to sharp corrections. Today, markets dip, but they recover quickly.

That change is not accidental. It comes from a shift in who is supporting the market.

For years, foreign institutional investors (FIIs) drove market direction. Now, domestic institutional investors (DIIs), backed by mutual fund and SIP inflows, have taken that role. This shift has quietly changed how markets behave.

What sets domestic money apart is that it keeps coming in steadily.

Foreign flows move with global factors - interest rates, risk sentiment...