Foreign portfolio investors (FPIs) turned buyers in Indian equities for a second straight month, pumping Rs 30,919 crore into the market in August and offering the first signs of a possible shift in foreign investor flows after four consecutive months of heavy selling.
The August inflow, following Rs 20,200 crore of buying in July, marks a sharp reversal from the prolonged selling spell. The change comes amid improving corporate earnings, resilient economic activity, a stable rupee and easing geopolitical concerns.
