Foreign investors have infused Rs 27,856 crore in domestic equities in the first fortnight this month, owing to the resilience of the Indian market and growing I optimism around the potential interest rate cut in the US.
FPIs have been consistently buying equities since June. Before that, they pulled out Rs 34,252 crore in April-May.
With the focus shifting to the US Federal Reserve's decision on interest rates in its upcoming FOMC meeting next week, its outcome will likely play a pivotal role in shaping the trajectory of future FPIs investments in Indian equities, Himanshu Srivastava, Associate DirectorI Manager Research, Morningstar Investment Research India, said.
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