FPIs return as net buyers in India after three months of outflows

After three consecutive months of persistent selling, foreign portfolio investors (FPIs) again turned net buyers in the Indian stock markets in October.

- TBG NETWORK

October attracted a positive inflow of Rs 14,610 crore in Indian equities on a cumulative basis, according to data available on the National Securities Depository Limited (NSDL) website. Indian stock indices have, of late, remained on the positive side, supported by robust GDP numbers, GST reforms, stable macroeconomic fundamentals, and, most importantly, the enthusiasm surrounding an India-US trade deal. Overall, Indian equity markets had largely been choppy over the past months, barring some bullish days, as investors remained uncertain over the trade deal with the United States, which imposed a 50 per cent tariff on Indian goods. The Sensex is now approximately 1,500-1,600 points below its all-time high of 85,978 points, reached sometime in 2024.