The Impressive TimesForeign investors have made a stellar comeback to Indian equity markets with an 11,730 crore rupee inflow. After several months of selling, the trend reversed last week when Foreign Institutional Investors (FIIs) began investing in Indian equities. In May, FIIs had sold more than 40,000 crore rupees worth of equity, marking the highest figure for any month in 2024 so far.
According to data from depositories, the net outflow from FIIs for the month stood at 3,064 crore rupees as of June 14. Between June 3 and June 7, foreign investors sold 14,794 crore rupees worth of equity. However, they have shown a preference for the debt market over equity, investing 5,700 crore rupees in the debt market up to June 14. This renewed interest in Indian markets has had a positive impact, with both the Sensex and Nifty reaching new all-time highs last week. The Sensex hit 77,145, while the Nifty reached 23,490, indicating a strong bullish market trend.
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