FPIs pump Rs 2,400 cr in Indian equities in first week of Oct

NEW DELHI: After withdrawing over Rs 7,600 crore last month, foreign investors have resumed buying Indian stocks and have invested more than Rs 2,400 crore in the domestic equity markets in the first week of October. FPI flow is expected to remain volatile in the coming months on a slew of global and domestic factors, experts said. “The fall in job openings in the US and lower-than-expected rate hike by the Australian central bank imbibed hope among investors that global rates may peak soon. However, till then it seems FPI flows will remain volatile in the coming months,” said Shrikant Chouhan, Head-Equity Research (Retail) at Kotak Securities.