Overseas investors appear to have shifted their bearish stance on Asia’s third-largest economy, turning net buyers in October after three consecutive months of heavy selling through September.

A robust start to the September-quarter earnings season, attractive valuations, and improving domestic growth indicators have helped change the sentiment of foreign portfolio investors (FPIs). Their sustained selling has slowed, giving way to renewed buying in Indian equities.

The return of FPI inflows has also driven benchmark indices closer to their record highs — with the Nifty 50 and Sensex now just about 1.55% away from their September 2024 peaks.

FPIs pour Rs 7,362 crore into Indian stocks in October

After pulling billions from local markets in search of better opportunities across other em

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