FPIs invest ₹1,433 crore in Indian equities, reverse selling streak on sharp decline in US bond yields

Foreign portfolio investors (FPIs) have finally reversed their selling streak this month, after emerging as net sellers in August, September and October on a sharp spike in US bond yields amid ongoing geopolitical tensions in the Middle East.

FPIs have bought ₹1,433 crore worth of Indian equities and the total inflow stands at ₹15,375 crore as of November 17, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data.

 FPIs were net buyers till November 15, but reversed the selling trend and invested on November 15 and 16. During August, September October and till November 15, FPIs cumulatively sold stocks for ₹83,422 crore through the exchanges.

The sharp decline in the US 10-year bond yield to 4.45 per cent has turned out to be an inflection point for the mother market and thereby to the global stock markets, according to analysts. Before August, FPIs sustained buying in Indian equities for three months.But