Foreign Portfolio Investors (FPIs) have begun to show early signs of stabilisation in Indian equities following a period of outflows. FPIs turned net buyers in three out of four sessions last week, lending support to the market recovery and improving overall sentiment. Consequently, there has been some moderation in the pace of outflows.

So far in April, FPIs have offloaded Indian equities worth 43 thousand 419 crore rupees, indicating that sustained inflows will be required to confirm a more durable shift in trend. As per the depositories’ data, foreign portfolio investors have pulled out 6,883 crore rupees from the Indian debt markets. This has taken the total net outflow from the Indian capital market to 58,506 crore rupees during the period under review.