FPIs turn bullish on India as short covering drives market higher

Overseas fund managers are exhibiting their most bullish sentiment towards Indian equities since July, significantly reducing bearish wagers in Nifty futures. This shift follows a recent market bounce, bringing indices close to all-time highs. Foreign portfolio investors have also turned net buyers in October after substantial September sales, potentially fueling further gains.

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FPIs withdraw Rs 48,056 cr from D-St in Oct

Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation