The Indian equity market is experiencing a notable transformation as domestic institutional investors (DIIs) increasingly replace foreign institutional investors (FIIs) in driving market dynamics. This shift has resulted in a more stable market environment, where corrections are followed by quick recoveries. The stability is largely attributed to consistent domestic inflows, which do not react as strongly to global economic factors compared to foreign investments. Performance data indicates that various portfolio management strategies have shown excess returns, with many outperforming benchmarks without taking on significantly higher risks. However, this stability raises concerns as it relies heavily on the continuity of these inflows. If domestic investment slows, the market could face sharper corrections, revealing potential gaps between valuations and earnings. The role of retail investors, particularly those investing through systematic investment plans (SIPs), is crucial in maintaining this stability, but their sentiment can shift, impacting future inflows. Overall, while domestic inflows have strengthened the market's resilience, the sustainability of this stability is contingent on ongoing investment levels.