India has been a favoured market for stock picking and foreign funds have participated enthusiastically in some large transactions in May which has contributed to a positive flow outcome.
ALSO READ: After 2-month selling streak, FPIs invest Rs 15,958 cr in first week of May Vetri Subramaniam,head of equity at UTI AMC, said, "Theintensity of foreign selling of equities has been reducing after the large negative reaction in March.
Prior to that, foreign portfolio investors (FPIs) had put in over Rs 1,820 crore in February.
Experts believe foreign portfolio investors (FPIs) will keep a close watch on coronavirus pandemic, its spread and likely impact on the economy while making decisions about investment into India, agency PTI reported.
After pulling out massive funds in the previous two months, foreign investors have poured in over Rs 17,000 crore into Indian equities in the first fortnight of May, largely driven by block deals.