Foreign portfolio investors (FPIs) took a sharp U-turn and turned net buyers in the first week of December, snapping their robust two-month selling streak over global cues. D-Street experts believe the trend reversal is a clear strategy for foreign investors to bank on year-end profits in the Indian stock market.
According to the National Securities Depository Ltd (NSDL) data, FPIs invested ₹24, 454 crore worth of Indian equities this month, and the net inflows stood at ₹34772 crore as of December 6, taking into account debt, hybrid, debt-VRR, and equities. The total debt investment is ₹355 crore so far this month.
