FPIs buying spree gives 10% boost to Nifty from March lows. Will the trend continue?

Foreign investors have shifted dramatically from selling over INR 36,000 crore ($4.9 billion) worth of Indian equities in the first two months of 2021 to consistent net buying since March. The unbroken purchasing trend has shown an almost 10% rise from March low to current market highs bringing total inflows to nearly INR 44,000 crore via primary and secondary markets according to data from NSDL. The renewed interest was focused on financials and autos, with some selling in IT and metals.