FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities

The latest inflow comes following massive net outflows to the tune of Rs 1.48 lakh crore from equities in the last six months from October 2021 to March 2022.

After a six-month selling spree, foreign investors have turned net buyers in April so far by infusing Rs 7,707 crore in Indian equities as a correction in markets provided them a good buying opportunity.
 

Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said it would still be slightly premature to call it a change in trend with respect to FPI flows, and hence it will be prudent to watch how the scenario unfolds over the next few weeks or months to get more clarity.
 

According to latest data with the depositories, foreign portfolio investors (FPIs) have made a net