Reversing their selling trend, foreign investors have infused over ₹9,000 crore into the Indian equity markets in May so far amid attractive valuations of stocks and a mega block deal involving HUL.
Experts believe foreign portfolio investors (FPIs) will keep a close watch on how India manages to keep COVID-19 cases under check with relaxations in lockdown curbs, and how quickly it revives growth.
The inflow comes following a net withdrawal of ₹6,883 crore in April and ₹61,973 crore in March on fears of a coronavirus-induced global recession.
Prior to that, foreign portfolio investors (FPIs) had put in over ₹1,820 crore in February. According to depositories data, FPIs invested a net sum of ₹9,089 crore in the equity markets during May