The buying came after a volatile week marked by geopolitical jitters. On May 7, markets had rallied following Operation Sindoor, a covert strike carried out on May 6–7 that briefly escalated tensions. FIIs bought ₹2,585.86 crore that day, while DIIs added ₹2,378.49 crore.
Last week’s trading painted a turbulent picture. On May 9, FIIs dumped ₹3,798.71 crore in stocks, spooked by global jitters, but DIIs countered fiercely, pouring ₹7,277.74 crore into the market. On May 8, FIIs flipped to net buyers with ₹2,007.96 crore in purchases, while DIIs offloaded ₹596.25 crore.
The covert operation, hailed as a bold move against cross-border threats, has injected a dose of adrenaline into India’s markets, with traders betting on economic stability despite global trade tremors, including escalating US-China tariff wars.
Foreign portfolio investors (FPIs) have pumped ₹14,167 crore into Indian equities so far in May, reflecting sustained confidence in the market, underpinned by favourable global cues and resilient domestic fundamentals. The inflows come despite ongoing military tensions between India and Pakistan, suggesting geopolitical risks have taken a backseat to macroeconomic stability.
This marks a continuation of the positive momentum seen in April, when FPIs invested a net ₹4,223 crore — their first inflow in three months, according to depository data. Before that, FPIs had pulled out ₹3,973 crore in March, ₹34,574 crore in February, and a steep ₹78,027 crore in January.
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