FPIs invest Rs 16,621 crore in Indian equities in August

Foreign portfolio investors (FPIs) turned net buyers in Indian equities in August, pouring in Rs 16,621 crore, according to latest data. The reversal follows four consecutive months of heavy selling, during which FPIs pulled out Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and Rs 1.17 lakh crore in March.

The data from depositories shows a sharp change in sentiment. After withdrawing a cumulative Rs 2.6 lakh crore from April to July, foreign investors returned as buyers this month. Market analysts have attributed the shift to global cues and stabilising domestic fundamentals.