After withdrawing money on a net basis for the past three months, Foreign Portfolio Investors (FPIs) have turned buyers with a Rs 6,480-crore investment in October so far, driven by strong macroeconomic factors. The renewed inflow in October marked a significant shift in sentiment and reflected fresh confidence among global investors towards Indian markets.

The development follows persistent outflows in recent times, with FPIs pulling out Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July, data from depositories showed. Experts have highlighted several key factors influencing market trends in the trade and said that ongoing earnings are expected to determine the direction of the FPIs in the coming weeks.

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