 "The stimulus package announced by China and the optimism around the US-China trade agreement has further bolstered FPI sentiment towards emerging markets (EMs) as a whole")
Reversing their selling trend, foreign investors have infused over Rs 9,000 crore into the Indian equity markets in May so far amid attractive valuations of stocks and a mega block deal involving HUL.
Experts believe foreign portfolio investors (FPIs) will keep a close watch on how India manages to keep Covid-19 cases under check with relaxations in lockdown curbs, and how quickly it revives growth.
The inflow comes following a net withdrawal of Rs 6,883 crore in April and Rs 61,973 crore in March on fears of a coronavirus-induced global recession.
Prior to that, foreign portfolio investors (FPIs) had put in over Rs 1,820crore
