FPIs pump ₹38,971 cr into Indian equities amid AI sell-off

Foreign portfolio investors returned to Indian equity markets, investing ₹38,971 crore this week, as per NSDL data. The inflows were triggered by a sharp global AI stock sell-off, which made India — seen as a non-AI trade — more attractive. The Nifty surged 7.58% in a week, driven by aggressive FPI buying in financials, IT, automobiles, and telecom.