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Below the Quote on FPI flows 15.11.2026 by flows from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

“In a dramatic turn of market related developments, FPIs turned aggressive buyers in India. The trend of FPI buying which began early this month gathered momentum with FPIs turning big buyers every day. This month through 13th FPIs bought equity worth a massive Rs 79301 crores. This trend is likely to continue and this month’s total FPI inflows are likely to be an all-time high.

What factors changed the FPI’s stance towards India?

* The victory of the Democrats in the US Congressional elections led to a sell-off in AI stocks since the Democrats are in favour of regulating AI and AI spending. Money rotated to non-AI trades where India’s prospects are good.
* ?The Q2 results indicate strong recovery in corporate earnings. Around 15% earnings growth for Nifty 50 looks achievable for FY27. This is providing the fundamental support to the FPI inflows.
* ?The valuations in India had become fair and in many pockets of large-caps, attractive. FPIs used the opportunity to accumulate fairly-valued large-caps.
* ?The stability in the rupee also imparted confidence to FPIs.

The sustained buying by FPIs enabled the Nifty to rise above 25000. Sectors like financials, telecom, capital goods, pharmaceuticals and automobiles witnessed aggressive buying and consequently stock prices in these sectors rallied smartly. Some power-related stocks also rallied smartly in response to the excellent results.

An important factor that contributed to the smart rally in the Nifty is the short-covering in frontline large-caps, particularly in some leading banking names.

Sustained selling/ profit booking by DIIs will restrain the rally, going forward. But the sudden and dramatic change in the FPI stance towards India suggests that the market will remain resilient.”

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