Foreign portfolio investors (FPIs) resume buying Indian equities in November after two straight months of selling. One report says FPIs invest about ₹76,189 crore between Nov 3 and Nov 13, marking a sharp reversal from withdrawals of ₹35,861 crore in September and ₹34,843 crore in October. Another outlet reports a larger figure for November so far of ₹84,291 crore after the prior outflows.
The coverage points to a mix of global and local factors behind the turnaround. Articles link renewed FPI interest to changing global market conditions, including a sell-off in AI-linked stocks in the US and some Asian markets that pushes investors to consider alternatives to technology-heavy exposure. They also cite domestic support such as improved corporate earnings and more reasonable valuations for Indian large-cap stocks, alongside an environment where India is viewed as having relatively limited exposure to the AI investment boom.
One piece also mentions expectations of tax-related changes affecting foreign investors, referring to a SEBI recommendation in pre-Budget inputs to remove the 12.5% long-term capital gains (LTCG) tax on equity investments by FPIs. Other reporting focuses mainly on the flow reversal and the magnitude of November purchases.
