Foreign portfolio investors (FPIs) turned net buyers in Indian equities, reversing a months-long selling trend. While cumulative outflows in 2025 still exceed ₹1.47 lakh crore, the renewed buying is seen as early evidence of sentiment improvement. Key domestic banks, auto and FMCG stocks led the gains as global fund managers reposition for India amid easing macro and geopolitical headwinds. Analysts interpret the move as a tentative shift from “pause” to “play” for Indian markets, though vigilance remains given global rate uncertainties.