FPIs turn positive on Indian markets, invest Rs 1,086 cr so far in October

Foreign portfolio investors (FPI) have invested Rs 1,086 crore on a net basis so far in October in Indian markets, tracking encouraging factors including improved GST collection, acceleration in economic activity and positive global cues.

According to the depositories data, overseas investors pumped in a net Rs 5,245 crore into equities and withdrew Rs 4,159 crore from the debt market during October 1-9.
 

This translated into a total net inflow of Rs 1,086 crore.

In September, FPIs were net sellers at Rs 3,419 crore.

Harsh Jain, co-founder and COO at Groww, said that both domestic as well as global factors