While the shift reflects genuine retail participation, it does not necessarily signal a broad resurgence in risk appetite, experts said. “This is a real re-entry, not merely an increase in shareholder accounts,” said Tanvi Kanchan, associate director at Anand Rathi Shares and Stock Brokers. However, she added that retail buying remains modest compared to domestic institutional and systematic investment plan flows, which absorbed heavy foreign selling and drove most of the market recovery.
