Foreign investors snap month-long selling streak, turn positive in Indian equities
Foreign investors pumped in nearly Rs 823 crore in the cash market on Tuesday, which is the first time FII flows have been positive in just over a month. StockEdge data shows that FIIs have been net buyers last on January 2.
Indian markets have been facing brutal wrath of foreign investors, as they sold over Rs 2 lakh crore in the last four months. In January alone, foreign outflows amounted to Rs 76,551 crore.
In just four days of February, Indian equities have witnessed a net FII selloff worth Rs 5,529 crore.
India's headline indices rallied over 1.6% on Tuesday, shrugging off the trade war fears that weighed on global stocks even as the US struck a temporary pause on tariffs with Mexico and Canada.
«The real trigger for Indian markets today was the tariff pause on Mexico and Canada, which signalled that the U.S. is ready to negotiate,» said G Chokkalingam, founder and head of research at Equinomics Research.
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