FPIs buy $10B Indian stocks in 10 sessions

GreyOak summary

Foreign portfolio investors bought nearly $10 billion worth of Indian equities over ten consecutive sessions, driven by recovering earnings and easing geopolitical tensions. While FPIs surged to $9.08 billion in November, domestic institutional investors sold $5.2 billion. The inflows supported the rupee, which gained over 1% against the dollar, and prompted major brokerages to upgrade their outlook on Indian stocks.