FPIs pump in $2.2 bn into equities in November so far

Foreign investors were enthused by the government's announcement of recapitalising PSU banks, improvement in global sentiment and stable currency

Foreign investors have pumped in a whopping over $2 billion in the Indian equity markets this month so far, enthused by government's announcement of recapitalising PSU banks, improvement in global sentiment and stable currency.
 

This follows a net inflow of over Rs 3,000 crore in stock markets last month. Prior to that, FPIs had pulled out more than Rs 24,000 crore in the previous two months (August and September).
 

According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 14,348 crore ($2.2 billion) in equities during November 1-17.
 

However, they pulled out Rs 1,287 crore from