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NEW DELHI : Foreign portfolio investors (FPIs) were net buyers for the second month in a row in the Indian market with an investment of 26,517 crore in September.

As per depositories' data, FPIs pumped in 13,154 crore into equities and 13,363 crore in the debt segment during Sept 1-30.

The total net investment stood at 26,517 crore.

This comes after an investment of 16,459 crore by FPIs in August.

Most of the major emerging markets witnessed FPI inflows in September with India reporting the highest FPI inflow, noted Shrikant Chouhan, executive vice-president (equity technical research) at Kotak Securities.

South Korea saw an FPI investment of $884 million, Thailand $338 million, and Indonesia $305 million, he said.

"The current trend indicates that FPIs are now willing to look beyond these short-term challenges and focus on the larger and long-term picture," said Himanshu Srivastava, associate director (research), Morningstar India.

FPIs are slowly dropping their cautious stance and gaining higher conviction on the Indian markets.

The Indian equity market offers an attractive investment proposition from the long-term perspective. With an improving macro environment and positive outlook, FPIs are again focusing their attention on Indian equities, he added.

FPI flows is expected to remain volatile in the emerging markets, once the US Federal Reserve increase the rate, said Chouhan.

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