This surge can be attributed to strong performance in the domestic equity markets and robust net inflows from FPIs. The improved FPI involvement has marginally elevated their contribution to the Indian equity market capitalization to 17.33% for the reviewed quarter, up from 17.27% in the March quarter.
Following a withdrawal of USD 3.2 billion from Indian equities in the March quarter, FPIs made a substantial turnaround in the subsequent three months, marking a notable comeback with a net investment of USD 12.5 billion.
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