MUMBAI: Foreign investors have returned to the Indian markets this month, and primary market has been a steady source of profit for them which is likely to continue, analysts said on Sunday.

The declining trend in foreign institutional investors (FII) selling, which started in early October, continues.

FIIs turned buyers too in many days of October. Total FII selling through exchanges (up to October 25) stood at a negligible Rs 3,363 crore, as per NSDL data.

“The long-term trend of FIIs continuously buying/investing through the primary market continued in October, too, with a total investment of Rs 10,692 crore (up to October 25). Investing through the primary market has been a steady source of profit for the FIIs and, therefore, this trend is likely to continue,” said Dr. VK Vijayakum

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