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NEW DELHI, Aug 28: After turning net buyers last month, foreign investors have become aggressive shoppers of Indian equities and pumped in Rs 49,250 crore so far in August on improvement in corporate earnings and macro fundamentals. This was way higher than a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in the entire July, data with depositories showed. FPIs had turned net buyers for the first time in July, after nine straight months of massive […] ....
After nine consecutive months of relentless selling, foreign investors have turned into net buyers and invested nearly Rs 5,000 crore in Indian equities in July on softening dollar index and good corporate earnings. ....
Going forward, Hitesh Jain, Lead Analyst - Institutional Equities, Yes Securities, believes that FPI flows to remain positive during August as the worst for the rupee seems to be over, and oil seems to be confining in a range. ....