Foreign portfolio investors (FPIs) have reversed course in October 2025, turning net buyers after three months of outflows. Data show they invested approximately ₹7,362 crore in Indian equities so far this month. Analysts attribute this shift to improving corporate earnings, attractive valuations and signs of domestic demand revival. They also note that this inflow coincides with indices such as the Nifty 50 and Sensex nearing record levels. The renewed foreign interest potentially supports further rally, though global risk factors remain a watch-point.