Foreign portfolio investors turn net buyers in January, again: Data

Experts said India might be a relative outperformer than other emerging markets, or there could be marginal outflows

After being net sellers for the past three months, foreign portfolio investors (FPIs) have turned net buyers in January.

According to the National Securities Depository data, FPIs have bought equities worth Rs 2,568 crore so far in January. In the past three months, FPIs were net sellers worth Rs 35,984 crore.

The selling began in October 2021 after the indices hit record highs. Discomfort with valuations, concerns about the monetary policy support and the Omicron variant led to aggressive selling.

However, FPIs turned net buyers in the beginning of January. Analysts said the net buying at the beginning of the year was a