FPIs remain net buyers in Oct; pump in over Rs 3,800 cr into Indian markets

Indian capital markets witnessed a net inflow of over Rs 3,800 crore by foreign portfolio investors (FPI) in October so far on the back of steps taken by the government to revive domestic demand coupled with positive global cues.

The depositories data showed that overseas investors pumped in a net amount of Rs 3,769.56 crore into equities and Rs 58.4 crore in the debt segment, taking the total net investment to Rs 3,827.9 crore in this month so far.

FPIs have been net buyers for the second consecutive month. In September, FPIs invested a net Rs 6,557.8 crore in the domestic capital markets (both equity and debt).

Investment in September had come following net outflows in July and August.

Considering the extreme negative trends witnessed in the month of July and August, where FPIs went on a selling spree, the scenario in the months of September and October so far, directs towards the emergence of a positive trend, said Himanshu Srivastava, senior analyst manager research at Morningstar