Earlier, foreign investors remained net sellers for three consecutive months. They pulled out a net Rs 7,366 crore in May, Rs 15,403 crore in April and a record Rs 1.1 trillion in March
Equities saw a net outflow of Rs 6,883 crore in April and Rs 61,973 crore in March, hit by coronavirus-induced disruptions.
Foreign portfolio investors pulled out Rs 62,000 crore from Indian equities in March
While a coordinated aggressive monetary easing from the central banks is most likely to offer some respite in the near-term, it is unlikely to improve the sentiments
In September, the government slashed the corporation tax rate. He's also eased foreign investment rules in retail, manufacturing and coal mining, & merged 10 state-run banks to create four big lenders
Top sectors that witnessed FPI buying included financials, insurance, oil, gas and telecommunication services.
The positive sentiments in equities could be attributed to a likely strong rebound in corporate earnings over the next two quarters and ease of global oil prices