September has been the most significant month in the current calendar year in terms of foreign flows, with foreign portfolio investors (FPIs) purchasing shares worth about $7 billion, the highest quantum of net buying since December 2023.
According to NSDL data, FPI net buying in September is pegged at nearly $6.85 billion, a huge rise from last month’s $873 million.
In the meantime, in the current calendar year, FPIs have been net buyers of Indian equities at a little over $12 billion.
As per Moneycontrol, analysts attribute this trend mostly to the dovish commentary by the US Federal Reserve with the rate cut announced on September 18.
