Global funds fall in love with Indian stocks again, buy $1 billion in equities

AI Summary

Foreign portfolio investors have resumed buying Indian equities in July after months of selling, with $2.59 billion invested in the first 10 days. This resurgence reflects renewed confidence in the Indian stock market and continued demand for Indian debt from global funds.

Foreign investors, who resumed buying Indian debt in June, have extended that renewed interest to equities in July. After several months of continuous selling, foreign portfolio investors (FPIs) have become net buyers this month, investing $2.59 billion (Rs 24,662 crore) during the first 10 days of July.