FPIs invest over Rs 17,000 crore in Indian equities so far in May

After pulling out massive funds in the previous two months, foreign investors have poured in over Rs 17,000 crore into Indian equities in the first fortnight of May, largely driven by block deals.

Experts believe foreign portfolio investors (FPIs) will keep a close watch on coronavirus pandemic, its spread and likely impact on the economy while making decisions about investment into India, news agency PTI reported.

Equities saw a net outflow of Rs 6,883 crore in April and Rs 61,973 crore in March, hit by coronavirus-induced disruptions.

Prior to that, foreign portfolio investors (FPIs) had put in over Rs 1,820