Foreign investors bought Indian financial stocks worth more than 14,000 crore rupees in the second half of June. The purchases marked their highest level in the sector during that period and turned overseas investors into net buyers of Indian equities.
The inflows followed significant earlier outflows from Indian markets. Global index rebalancing and value purchases helped renew investor interest in financial stocks.
Financial services and infrastructure sectors are expected to stay favored by long-term investors, according to the report.
Overseas investors shifted to net buying after prior selling pressure eased.