dependence on fii's investment is good or bad for market ?

Every developing country needs foreign currency and a country like India where economic changes are so spontaneous, it's become mandatory to have huge flows from fii's. but at the same time we should capitalise that if we start giving too much leverage (as we did) to the fii's, we could loss our own control over our own market. The global recession that took place in 2008 was all because of subprime problem took place in USA. As fii's invested huge in our market, same their influence was too countable and so strong that our indices crashes overnight. we should capitalise our focus more on making an equilibrium between the fii's and domestic investors. As just in the recent past we noticed such a exorbit influence of fii's over our indices, now it's a lesson to maintain the required balance in investment ratio of foreign and domestic. The concern point is not to lose our control from our own market and to show more trust over domestic investors. Even today we should promote more and more people to invest in our market to increase the home influence more than foreign investors.

Bad for Indian market in long run. When market on high sensex fii will make money and profit booking. As FII have highly qualified pepole to handle the investment and local public may fall prey.

I agree that over-dependency is bad for our market. We are pure an agricultural & service based market & our economy is self sustainable. So, if we start completely rely on FII's then nobody can save us in the long run.