Mumbai: Foreign institutional investors (FIIs) have begun changing their stance in the Indian market. After months of consistent selling, FIIs have now reduced their outflows sharply and even turned buyers on some days. According to data till October 17, FII selling came down to just ₹4,114 crore — a major improvement from the heavy selling seen earlier this year. Analysts say this marks a shift in sentiment as valuations between India and other global markets narrow.
Why FIIs Are Returning
Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said India’s underperformance over the past year has made its market more attractive again. The reduced valuation gap has opened the door for better returns ahead. Read Also Sensex, Nifty Hit Fresh 52-Week Highs Ahead