Foreign Portfolio Investors (FPIs) have made a strong comeback to Indian equities, investing nearly $7.3 billion (around ₹63,000 crore) in just seven trading sessions of November. This surge highlights renewed confidence in the Indian market as the Nifty 50 continues its upward journey. On Wednesday alone, overseas investors purchased shares worth ₹12,563 crore, taking total monthly inflows to impressive levels.
The pace of investment has been exceptional, with FPIs pumping in close to $1 billion (around ₹8,600 crore) on average during every trading session this month. If this momentum continues, November could emerge as one of the strongest months ever for foreign investments into Indian equities. Previous record inflows were seen in November and December 2020, when global investors turned bullish after the pandemic-led market downturn.
Analysts believe improving sentiment towards India, easing crude oil prices and more attractive market valuations are driving foreign investors back to Indian stocks. Several global brokerage firms, including HSBC, Citi, Bernstein and CLSA, have upgraded their outlook on Indian equities, citing healthy economic conditions and favourable earnings growth expectations.
The strong foreign buying has also supported the Indian rupee and lifted large-cap stocks. The Nifty 50 has gained nearly 10% so far this month, reflecting growing confidence among global investors and reinforcing India’s position as a preferred investment destination.