FPIs turn net buyers in second half of October
In short
FPIs turned net buyers in the second half of October and bought heavily into IT and telecom stocks. But for the full month, they still sold more than they bought, with total equity outflows of ₹34,843 crore.
What the reporting says
FPIs turned net buyers in the second half of October, with overseas investors buying heavily into IT and telecom stocks, according to market data. Even so, they stayed net sellers for the full month, and total equity outflows in October stood at ₹34,843 crore. The data points to a late-month pickup in foreign demand, but the monthly balance remained negative.
Why it matters
Foreign portfolio investors switched to net buying in the second half of October, led by purchases in IT and telecom shares. Market data still showed net selling for the month as a whole, with October equity outflows of ₹34,843 crore. The move suggests a late-month improvement in foreign flows, even though overall investor sentiment toward Indian equities remained weak for the month.