FPIs Invest Rs 53,739 Crore in Indian Equities in November

Foreign Portfolio Investors (FPIs) have turned net buyers in November, investing Rs 53,739 crore in Indian equities within the first nine days. This marks a reversal from two months of outflows, with net outflows of Rs 34,843 crore in October and Rs 35,861 crore in September. The recent influx of funds is attributed to the AI-led sell-off in global markets, which has made India an attractive destination for FPIs. Strong domestic earnings growth and appealing large-cap valuations also contributed to this shift in investor sentiment. Analysts suggest that the change in FPI stance was influenced by fears surrounding data center spending in the US, following the Democrats' victory in Congress. This situation may lead to increased interest in Indian equities as investors seek stability amid global uncertainties.