FIIs pump Rs 40,000 crore into Indian equities in 13 sessions

Foreign institutional investors have invested nearly Rs 40,000 crore in Indian equities over 13 trading sessions since October 16, potentially ending months of heavy selling and boosting market sentiment. The buying surge, which accelerated with the Sensex jumping 2% to cross 78,900, is driven by falling crude oil prices, improving corporate earnings, attractive valuations, a weaker dollar, and expectations of a long-term capital gains tax cut. Analysts caution the reversal may not be permanent, citing risks from elevated oil prices, global yields, geopolitical uncertainty, and potential profit-booking by domestic investors at higher levels.