Our Bureau
Mumbai
Foreign portfolio investors (FPIs), after months of heavy selling, have turned net buyers in February, pumping over ₹8,100 crore into Indian equities in the first week of the month, data from depositories show. The inflow, pegged at ₹8,129 crore till February 6, marks a sharp turnaround from the ₹35,962 crore outflow in January, ₹22,611 crore in December, and ₹3,765 crore in November, underscoring a renewed appetite for Indian assets.
Market participants attribute the shift to easing global uncertainties, stable domestic interest‑rate expectations, and optimism around an interim India–US trade framework. Under the deal, the US will lower tariffs on Indian goods to 18 per cent from 50 per cent, while India will eliminate or cut duties on a range of US industrial, food and agricultural products, including dried distillers’ grains, tree nuts, fruits, soybean oil, wine and spirits.
As per experts, the buying reflects improving risk appetite and renewed confidence in India’s growth outlook. The sentiment has been supported by easing global uncertainties, stability in domestic interest‑rate expectations, and optimism around India‑US trade and policy developments.
Analysts, however, remain cautious, warning that further inflows will depend on corporate earnings momentum, contained global trade tensions, and the trajectory of the rupee and valuations. Inflation data, Q3 earnings, and geopolitical cues are expected to steer market sentiment in the coming days.
