FIIs turn net positive for 2020 with massive investment in Nov

Mumbai, Nov 25 : With over Rs 55,000 crore net purchase of equities, foreign institutional investors (FIIs) have turned net buyers for the year 2020.
So far in November, FIIs have made net purchase worth Rs 55,576.84 crore including Rs 24.20 crore on Wednesday, the highest ever in a month.
Buoyed by the fund flow, both Sensex and Nifty have off late been on a record run and hit fresh highs. On Wednesday, the BSE Sensex touched an all-time high of 44,825.37, and the Nifty50 on the National Stock Exchange hit a fresh high of 13,145.85 points.
During January-April, FIIs pulled out a net amount of Rs 89,069.01 crore, with nearly Rs 66,000 crore being pulled out in March due to the initial fears and uncertainties over the pandemic.
However, post the announcement of measures to boost liquidity and provide stimulus globally, including in India, FIIs started coming back in May. Except a blip in September, FIIs have been net buyers since May.
This trend is the likely to continue at least in the near term, according to analysts.