Mumbai: Foreign portfolio investors (FPIs) returned to the Indian stock markets in October, reversing three months of outflows — with France as the largest contributor, investing $2.58 billion in equities and almost $152 million in debt, according to NSDL data.

Collectively, FPIs infused over $1.66 billion into equities in October. The US and Germany were also strong buyers investing around $520 million each in equities and contributed approximately $765 million and $309 million, respectively, to debt instruments.

The renewed inflows were supported by robust corporate earnings, the US Federal Reserve’s rate cut, and growing optimism over the possibility of US-India trade talks progressing soon.

Ireland and Malaysia also turned buyers, bringing in $400 million and $342 million into equit

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