Building on their buying momentum, foreign investors have pumped in over Rs8,000 crore in Indian stock markets so far this month, driven by global and domestic factors.
It follows a four-month high inflow of Rs12,612 crore in the preceding month, the highest since March when FPIs had pumped in Rs21,143 crore into the stocks.
Indian equities have been witnessing positive inflows from foreign investors since March.
Foreign portfolio investors (FPIs) turned net buyers in March after pulling out a massive Rs41,661 crore from the market in previous four months (November-February).
Experts attributed the latest inflow to rate cut by Bank of England (BoE) and the passage of long-pending Goods and Services Tax (GST) Bill.
Market sentiment was boosted after the long-stalled indirect tax reform GST Constitution Amendment Bill was passed in both the houses of the Parliament earlier this month.