Foreign Investors Boost Indian Markets with Significant Equity Infusion

In a remarkable turn of events, foreign portfolio investors (FPIs) have poured nearly Rs 31,000 crore into Indian equity markets over the last six trading sessions. This surge is attributed to several factors including attractive valuations, the appreciation of the rupee, and an overall improvement in macroeconomic indicators.

The re-emergence of FPIs as active buyers has played a pivotal role in the market's recovery, with the benchmark index Nifty witnessing a smart recovery of about 6%. This reflects a renewed confidence among investors in the Indian market's potential.

Furthermore, this latest infusion has significantly reduced the overall outflow for March to Rs 3,973 crore, marking a positive shift in investor sentiment towards Indian equities.