New Delhi, Jan. 3 -- After a bruising 2025 for overseas investors, foreign portfolio investors (FPIs) could be staging a comeback in Indian equities in 2026. Market strategists say the conditions that triggered record outflows last year are easing while earnings visibility, valuations, and macro stability are turning supportive.

In its report titled "India Equity Strategy 2026", Antique Stock Broking Limited said the FPI equity outflow in the Calendar Year 2025 was highest on absolute basis at USD 17.5 bn (or 0.3% of market cap). We believe that CY26 could see a revival as the six-month FPI equity flow as a percentage of market cap is at (-)1 Standard Deviation; Low FPI ownership in India despite strong earnings growth and macro outlook;...