Investors believe govt will continue with its bold reformist policies following a huge win in UP
France, Netherlands and Sweden offer capital gains exemption on sale of equity shares
The net inflow may increase further as two trading sessions are still left in this month
About 2,900 FPIs had received approval from Sebi last financial year
FPI outflow followed withdrawal of close to Rs 77,000 crore on net basis from equity and debts
This year so far, FPIs invested a net sum of Rs 28,742 crore in stocks while they pulled out Rs 24,710 crore from debt market
Domestic cash crunch following demonetisation drive to curb black money sparked intense selling pressure
FPIs invested Rs 37,146 cr in stocks while they pulled out Rs 13,278 cr from debt market, resulting in a combined net inflow of Rs 23,868 cr
Investor sentiment remained downbeat amid some reports projecting a possible win for Donald Trump in the US presidential poll
Most of the funds have been withdrawn from debt markets during the period under review
Overseas investors have picked up maximum stake in Axis Bank during the quarter under review
Deadline for converting to FPIs ends in March 2017
Net investment by FPIs stood at Rs 10,443 crore in equities last month while the same for debt was Rs 9,789 crore
The latest infusion comes on top of a whopping inflow of Rs 25,904 in the preceding two months (July-August)
Experts attribute the latest inflow to rate cut by Bank of England and the passage of long-pending GST Bill
So far this year, FPIs have invested Rs 31,778 crore in equities while withdrawing Rs 4,723 crore from the debt market
They pumped Rs 4,429 cr in equity markets so far this month
Market experts attributed the inflows in last month to a positive update about an above-normal monsoon this year
However, FPIs are bullish on stock market as they put in Rs 1,495 cr during same period
FPIs hiked their stake most in Max Financial Services by 8.4% to 33.5%, followed by SKS Microfinance, The Ramco Cement, Apollo Tyres and PVR, the report says